Export value was US$95 billion and the figure is expected to reach $129 billion by the year-end, up 12.6 per cent from 2012.1— File Photo HCM CITY (VNS)— Viet Nam will in the long term offer higher returns to foreign investors, given the positive prospects of its economy, the recovery of the global economy and the Government determination to restore investor confidence.The statement was made by Deputy Prime Minister Hoang Trung Hai yesterday at a conference in HCM City.Hai said the Government has designed a series of solutions to address challenges with top priority given to the stability of the macro-economy, a reasonable growth rate, inflation control, production acceleration and improvement of State management efficiency.”We have achieved positive results in the first nine months of this year,” he told participants at the VinaCapital Investor Conference.The country posted GDP growth of 5.54 per cent for the third quarter, up from the second quarter’s 5 per cent and the first quarter’s 4.76 per cent. This year’s rate is expected to stand at 5.4 per cent, and is hoped to rise to 5.8 per cent next year.”Interest rates have continued to fall while credit growth saw signs of improvement,” he said.Businesses, though, are… Read full this story
Investors to reap higher gains in VN have 213 words, post on bizhub.vn at October 18, 2013. This is cached page on Vietnam Colors. If you want remove this page, please contact us.