Tin mới
UN agency predicts 8.3% growth for Vietnam (19/04)
06/08/2010 - 53 Lượt xem
The UN Economic and Social Commission for Asia and the Pacific (UNESCAP) said in its annual report released in Hanoi Wednesday that Vietnam’s strong economic performance was expected to receive an additional boost from its accession to the World Trade Organization (WTO).
The WTO membership would result in a major increase in foreign direct investment, it said.
The nation’s economy grew by 8.4 percent in 2005 before slipping slightly to 8.2 percent last year.
FDI rose to a record US$10.2 billion in 2006, up from $6.2 billion the previous year and the all-time high of $9 billion in 1996.
UNESCAP said WTO membership, which would see a fall in import duties, would curb the country’s inflation.
The inflation rate dipped to 7.5 percent in 2006 from 8.3 percent a year earlier, and might fall to 6.8 percent this year.
The report suggested that Vietnam should try to create a conducive business climate and get a piece of the labor-intensive production that was becoming costly in parts of China.
Themed Surging ahead in uncertain times, the report signaled that the Asia-Pacific region would become a driving force for the world’s economy.
But it predicted real economic growth for the 39 developing economies in the Asia-Pacific region to slow to 7.4 percent this year from 7.9 percent.
The greatest challenges for the region would be to manage foreign exchange rates and abolish gender inequality.
Headquartered in Bangkok, UNESCAP is the largest of the UN's five Regional Commissions in terms of membership, population served, and area covered.
Its goal is to promote economic and social progress in the region.
Source: VNA, UNESCAP
