Tin mới
Global downturn will slow Vietnam’s growth
06/08/2010 - 31 Lượt xem
Kuroda said current double-digit inflation was a “big challenge for Vietnam” but expressed confidence economic growth would be healthy in the medium to long term as Vietnam continued to reform and builds more infrastructure.
“I think the Vietnamese economy can continue to grow very rapidly in the medium to long run,” Kuroda told AFP in Hanoi, echoing remarks he made in meetings with Prime Minister Nguyen Tan Dung and senior officials.
“However, as far as this year is concerned, probably the Vietnamese economy may slow down slightly from 8.5 percent last year to around 8 percent. This is inevitable because of the global economic slowdown.”
Kuroda, commenting on a 14 percent year-on-year rise in consumer prices in January, said inflation was a big challenge for Vietnam’s economy, like for other economies in the region, including China’s.
“But for the Vietnamese economy it is in some sense more challenging because the Vietnamese economy is much smaller than for instance the Indian or Chinese economies,” he said, speaking during a three-day visit to Hanoi.
“That means [it] is subject to greater influence from external factors which include higher oil prices, higher food prices, higher commodity prices.”
However, he added that he was certain that “with prudent fiscal policy and tightened monetary policy, the government would be able to contain inflationary pressures this year.”
In the long term, he said, Vietnam’s economy can grow by 8.5 to nine percent.
Kuroda also met with Communist Party Chief Nong Duc Manh Wednesday.
Source: AFP
