Public Spending Cuts To Keep Growth Subdued

May 2011
Asia Monitor: South East Asia Monitor Volume 1;May2011, Vol. 22 Issue 5, p1
Country Report
The article reports on the effect of the effort of the Vietnamese government to shift focus from forcing economic growth to fight inflation and dealing macroeconomic balances. It states that the said strategy has an altering effect on the economy of the country, along with the growth in real gross domestic product (GDP) by 5.4% in QIII from 7.2% in Q410. It also mentions that the government is expecting that public spending reductions and harder credit conditions to maintain economic activity.


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