Bloomberg: Vietnam’s economic growth quickens in Q4

(VOVworld) – Bloomberg has reported that Vietnam’s economic growth accelerated in the fourth quarter as banks increased lending and rising foreign investment boosted exports.

Bloomberg: Vietnam’s economic growth quickens in Q4 - ảnh 1
Workers make sports outfit to be exported to the US. (Photo: VNA)

According to data released by the General Statistics Office of Vietnam, for the full year Vietnam’s economy grew 5.98%, higher than the government’s target of 5.8%. Exports of foreign firms in Vietnam surged 15% as disbursed foreign direct investment rose 7%. Inflation dropped to 1.84% in December from a year earlier.

Fitch Ratings and Moody’s Investors Service raised Vietnam’s credit ranking in 2014 thanks for its improved economy.

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