{"id":7095,"date":"2010-12-29T02:12:33","date_gmt":"2010-12-29T02:12:33","guid":{"rendered":""},"modified":"2010-12-29T04:12:03","modified_gmt":"2010-12-29T04:12:03","slug":"Vietnam-grew-at-fastest-pace-for-3-years","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=7095","title":{"rendered":"Vietnam grew at fastest pace for 3 years"},"content":{"rendered":"

Vietnam’s economy grew at its fastest pace in three years, according to an official estimate released Wednesday, despite concerns over high inflation, a struggling currency and other risks.<\/p>\n

Gross domestic product (GDP) expanded by roughly 6.8 percent compared with the year before, when it rose 5.3 percent, the slowest rate in a decade, the General Statistics Office (GSO) said in a year-end report.<\/p>\n

The economy grew 6.3 percent in 2008 and 8.5 percent in 2007.<\/p>\n

GSO figures showed that growth accelerated throughout this year, expanding in the fourth quarter by an annualized 7.3 percent.<\/p>\n

“These results confirm the effectiveness of measures and solutions taken firmly and vigorously by the government to prevent economic slowdown and to stabilise the macroeconomy,” the GSO report said.<\/p>\n

The government’s target was 6.5 percent growth this year. It is aiming for seven percent expansion in 2011.
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SOURCE<\/a>
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