Vietnam’s recent introduction of macro-economic policy is an important and right move to refresh the reputation of the country as one of the most attractive investment destinations in the region, according to the World Bank’s report released on March 21.
The report shows update information of the economic situation in East Asia-Pacific region.
The WB says that Vietnam’s economy will continue maintaining quick recovery thanks to domestic rising demand, strong investment inflow, and export revival.
The country’s measures to stabilize macro-economy may slow down short-term growth but they will fuel its growth in medium and long-term, according to the WB.
The WB’s comments coincide with those by foreign investors, economists and international organizations when the Vietnamese Government introduced six group of solutions to rein in inflation, stabilize macro-economy, and ensure social welfare.
In his recent working visit to Vietnam, President of the Asian Development Bank (ADB) Haruhiko Kuroda spoke highly of the country’s effort to quickly get out of the global economic downturn with its stimulus package.
However, like many other countries in the region, Vietnam is facing rising inflation, and the adoption of the six groups of solutions is timely, said Mr. Haruhiko Kuroda./.