Foreign and local economic experts have shown their confidence in Vietnam’s bright economic prospects in 2011, while the Government has shown determination in ensuring macroeconomic stability and boosting sustainable growth.
The focal task in 2011 is stabilizing macro economy and curbing inflation, said PM Nguyen Tan Dung at the Government meeting in late 2010, adding that special attention should be paid to monetary and financial policies.
The PM asked relevant ministries, sectors and localities to focus resources on controlling inflation, using monetary policies, state budgets and price management measures to narrow aggregate demand and increase supply of goods in the first quarter of 2011.
Meanwhile, at a seminar held recently in Ho Chi Minh City by An Phúc Investment Fund and the Financial Portal Vietstock, many experts expected that more money will be poured into the stock market if macro economy is more stable in 2011.
“If foreign exchange rates are stabilized, foreign investors will pump more money into the local bourse,” said Le Van Thanh Long from the SME Securities Joint stock Company.
In addition, Edward Lee from Standard Chartered Bank suggested that Vietnam’s economy will grow 7.2% in 2011, the third highest rate in Asia after China and India, thanks to stronger domestic consumption and export.
The British magazine “The Economist” predicted that Vietnam’s economic development will be sustainable in 2011 an following years./.