Double-Dip Scenario Still In Play

February 2010
Asia Monitor: South East Asia Monitor Volume 1;Feb2010, Vol. 21 Issue 2, p4
Country Report
The article reports on the economic condition of Vietnam for 2010. It indicates that the country's stimulus-driven economic recovery has brought real gross domestic product (GDP) growth to 6.9% year-on-year in fourth quarter of 2009. It mentions the growth of the service sector from 6.6% year-on-year in the third quarter of 2009 (Q309) to 8.7% in Q409. Moreover, the State Bank of Vietnam (SBV) is predicted to raise the Vietnam base rate by 400bps in the first half of 2010 to 12.00% by mid-year.


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