Vietnam expected to reach economic growth rate of 6.5 pct in 2009: WB
11/12/2008 15:28
The World Bank (WB) yesterday forecast Vietnam's economic growth rate of
6.5 percent in 2009, the same estimated growth rate for the year 2008, the local
newspaper Vietnam Economic Times reported today.
The WB's forecast was made
in the same-annual report on the economic growth prospect of Vietnam and the
East Asia-Pacific Ocean region by the WB.
The WB's prediction for Vietnam's
economic growth picture in 2009 was on the basis of the country's growth in
export and investment in the year-end months of 2008.
Vietnam's export
turnover from key staples, especially from garment and seafood export, saw
remarkably high growth in recent months of 2008, given impacts of global
financial crisis, said Martin Rama acting country director of the World Bank to
Vietnam.
The foreign direct investment (FDI) inflows to Vietnam have
witnessed strong growth so far, with the approved amount of FDI reaching the
record high of US$59.3 billion in the first ten months of 2008, equal to
two-thirds of the gross domestic product (GDP). Vietnam is expected to have FDI
disbursement of US$11 billion in 2008, exceeding the 2007 figure of US$8.1
billion, said Rama.
The WB also advised Vietnam to work out measures,
especially the financial management tools to ensure the country's stable economy
growth in the face of the global economic turbulence.
Xinhua
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