(VOVworld) – The Vietnam Annual Economic Report 2013 set out 2 economic scenarios for Vietnam with GDP growth reaching either 5.04% or 5.35% this year. The report was released on Monday by the Center for Economics and Policy Research and the Vietnam National University of Economics and Business. Doctor Nguyen Duc Thanh, Director of the Center for Economics and Policy Research, says Vietnam is facing a series of short and long term problems: settlement of bad debts, revival of businesses and real estate market in order to restore the financial-credit system: “From 2013 to 2014, we propose priority be given to growth, business revival, tighter monetary policies and macro-economic stabilization. The interests rates on deposits tend to go down, but if this move goes too far, it could imbalance the market for other assets such as the USD, gold, real estate and securities. We need to monitor how the support package will affect the frozen real estate market”.

The report also points out long-term problems of Vietnam’s economy, including the business climate, the confidence of the public and investors, and state intervention in economic activities.