Positive signs for the economy in Q1
The General Statistics Office (GSO) reports Vietnam has maintained steady economic growth for the fourth consecutive quarter in a row, establishing a trend that bodes well for the economy in 2014.
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The General Statistics Office (GSO) reports Vietnam has maintained steady economic growth for the fourth consecutive quarter in a row, establishing a trend that bodes well for the economy in 2014.
The Government's efforts to speed up the institutional reform and perfect the legal system in line with market rules and sound competitions made enterprises optimistic about the prospect of the national economy in the 2014-2015 period.
Economists predict the Vietnam economy will experience positive growth in 2014 on the back of an increasing global demand and much improved world economic environment.
Military co-operation between Vietnam and Indonesia has seen positive developments of late, creating new opportunities and impetus to elevate the traditional bilateral friendship to a new height.
Encouraging movements in business activities, bank services, liquidity, credit and capital mobilisation in the banking system in the fourth quarter of 2013 signal a brighter 2014 for the sector.
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.
Despite Vietnam experiencing a period of positive economic growth towards the end of 2013, the National Financial Supervision Commission (NFSC) predicts local businesses will continue to face tough challenges in the coming year due to their tight budgets.
Viet Nam has witnessed a relative export expansion in both scale and speed and seen a positive shift in export structure.