Vietnam’s economy picks up since Q3 2013

(VOVworld) - The National Financial Supervision Committee has issued its first report on national macro economic and financial review and prospect for this year.

Vietnam’s economy picks up since Q3 2013 - ảnh 1
Ho Chi Minh city, the national leading economic hub (photo: VNA)
The report, which offers a comprehensive coverage of the national economy, warned of slow economic recovery globally due to weak investment and consumption demand.
Deputy Chairman of the committee, Truong Van Phuoc, says that the national macro economy is stable and has regained investors’ confidence: “The Vietnamese banking sector has its asset value rise by 15% last year with significant improvement in liquidity thanks for a 24% increase in capital mobilization. Credit growth was 12.5% and non performing loans have been tackled.”
The report predicts that Vietnam may reach a growth rate of 5.8% this year at an inflation rate of 5%.
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