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Welcome to 2013! (28/12)
28/12/2012 - 14 Lượt xem
In 2012 the Vietnamese economy achieved encouraging results thanks to the entire political system's efforts to mobilize all possible resources for development and overcame numerous difficulties due to internal weaknesses and the adverse impact of the global political economy.
Since mid 2012, the Vietnamese economy has regained its quarterly growth and showed signs of recovery, promising satisfactory results in 2013.
2012 marked Vietnam's great efforts to reduce the inflation rate from 18 percent in 2011 to about 7.5 percent and to lower the loan interest rate ceiling from 20 percent in 2011 to about 15 percent. The yearly export growth target was exceeded with the trade deficit just one ninth of that in 2011. Remittances from overseas Vietnamese reached nearly US$10 billion - this was a spectacular result compared with the disbursement of about US$10 billion of investment in Foreign Direct Investment (FDI) projects and nearly US$4 billion disbursed from Official Development Assistance (ODA) programs/projects.
Thanks to those results, the macroeconomic situation has been gradually stabilized; the fluctuation range of the foreign exchange rate has been kept under control. The trust in the macroeconomic management capability of the Government has been strengthened. The investment and business environment in Vietnam continues to be attractive. Foreign investors consider Vietnam as a future promised land - this can be seen through the ODA loans totaling nearly US$6.5 billion committed by the international community for Vietnam at the 2012 Consultative Group (CG) Meeting.
Bad debts and inventories have gradually decreased; the number of newly established companies was higher than the number of businesses that went bankrupt; traffic accidents have considerably decreased; Vietnam continued to attract FDI, especially from Japan, the Republic of Korea and Singapore, and increased numbers of foreign tourists.
The fourth session of the 13th tenure National Assembly and the sixth meeting of the Vietnam Communist Party Central Committee created a new source of encouragement for Vietnamese groups, corporations and companies to overcome difficulties and challenges in order to operate more effectively in 2013 so that the country can soon realize the targets of the socioeconomic development plan for the year.
In the context of increasingly fierce competition, difficult-to-predict natural disasters and unfavorable changes in the world and domestic economy, each Vietnamese citizen, worker and sector must contribute to accelerating economic restructuring for the prosperity of the country.
"New Year, New Challenges, New Successes" - this has been a common slogan of all Vietnamese people, reflecting their great optimism and confidence./.
Source: VEN
Source: VEN
