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The Asia Development Bank forecasts that Vietnam’s economic growth is likely to reach 5.7% this year and have increased to 6.2% by next year. Vietnam needs to have a more appropriate policy to weather a possible economic downturn and make more effort to reform state-owned enterprises in the near future. The statement was released at a conference in Hanoi on Monday on global economic and financial challenges in 2012 jointly held by the Finance Ministry, the ADB and the South Korean Asset Management Company. Minister Vuong Dinh Hue stressed the settlement of disputes and more support for businesses to restore production levels as an urgent task. ABD economists praised Vietnam’s moves to restructure its economy over the past few years and recommend that the country speeds up the renewal of state-owned enterprises.