The solutions put forth in the Vietnamese Government’s Resolution No. 11 will effectively help control inflation and stabilize macro-economy, according to the Asian Development Bank (ADB).
ADB country director Ayumi Konishi made the statement at a conference in Hanoi on Wednesday.
However, he said that Việt Nam has to trade economic growth for enforcing the solutions and that is why ADB lowered the country’s growth rate to some 6.1% this year.
Inflation is still the biggest challenge for Vietnam and other countries in Asia as prices have increased against 2010 while solutions for inflation curbing need time to take effect, the ADB official noted.
ADB also pointed out risks for Asia’s economic growth, including weak employment and bad housing markets in the US, debt crisis in Europe, impacts caused by natural disaster in Japan, and unstable situation in the Middle East and North Africa./.