VN economy sees positive prospects

Dec 27, 2013 / 10:13 AM

Viet Nam has witnessed accelerating economic growth, economic recovery trend, and top performing stock market in Southeast Asia in 2013.

German Press Agency (DPA), Bloomberg, and The Wall Street Journal (WSJ) recently published articles, announcing economic prospects in Viet Nam in which full-year growth rose 5.42% and inflation reached a record low in ten years.

DPA reported that inflation rate fell to 6%, the lowest level in ten years.

“Viet Nam’s economy is ending the year with some positive signs after it posted its lowest growth rate last year in more than a decade”, said the Wall Street Journal.

According to the US-based newspaper, this year's growth is a sign of recovery for the economy, showing that the government's efforts to tame inflation and regain macroeconomic stability are sound and timely.

The same day, Bloomberg said that the benchmark VN Index (VNINDEX) climbed 0.6% as of 10:34 a.m. local time. It has gained more than 22% this year, the biggest advance among major Southeast Asian indexes.

Fiachra MacCana, managing director of Ho Chi Minh City Securities Corp was quoted as saying that exports are still the main driver, especially for Viet Nam’s manufacturing industries.

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