ADB fores 6.5 percent GDP for Vietnam in 2010
ADB experts said that Vietnam’s economy showed signs of recovering from the impact of the global financial crisis in the first quarter of the year. Thanks to applying strong measures to stimulate the economy, Vietnam’s Gross Domestic Product (GDP) is estimated to rise to 6.5 percent by 2010 from 5 percent this year.
However, ADB said despite its promising economic growth, the country’s inflation is likely to increase sharply compared to other nations in the region.
In 2010, other South East Asian nations which are forecast to have GDP growth, include Laos (5.7 percent), Indonesia (5.4 percent), Singapore (4.5 percent), Malaysia (4.5 percent), Thailand (3.5 percent), Cambodia (3.5 percent), the Philippines (3.3 percent) and Brunei (2.3 percent).
Meanwhile, according to a report released by the ADB on December 15, although developing economies in Asia continue to grow positively in 2009-2010, there remain many risks including the unstable recovery of such economies as the US, Europe and Japan. ADB experts warned that a massive inflow of foreign investment in Asia would send regional economies into a tailspin. Therefore, there should be closer cooperation among countries in creating a firm foundation for development.
