Vietnam’s GDP likely to slow down, says EIU
(VOV) - Vietnam’s GDP growth in 2012 is likely to drop to 5.3 percent from 5.9 percent in 2011, according to the Economist Intelligence Unit (EIU)’s recent report.
EIU said although the inflation rate is forecast at 8.5 percent by the end of this year, the individual consumer growth will only reach 5.6 percent on average.
In addition, Vietnam’s GDP in 2013 will be reduced to 6 percent from the projected figure of 6.6 percent.
In the 2014-2016 period, Vietnam’s GDP will grow by 7 percent annually thanks to the healthy business climate.
However, it is difficult for Vietnam to achieve its target due to global economic recession and domestic economic instability.