Viet Nam has overcome the global crisis faster than numerous other countries and boats for its high GDP growth rate and acceptable inflation rate, said the World Bank (WB).
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Chief Economist of the WB in Viet Nam Martin Rama
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Chief Economist of the WB in Viet Nam Martin Rama made the remark during a press briefing yesterday in Hà Nội on the upcoming mid-term Consultative Group (CG) Meeting for Viet Nam.
These successes, said Mr. Martin Rama, were attributed to timely responses of the Government to both domestic and international economic fluctuations. According to the Chief Economist, since early 2010, the Vietnamese Government has implemented positive policies to ensure trade and budget balance.
Donors are much interested in infrastructure improvement in order to better serve people’s transportation while reducing business costs for stronger economic growth, said WBCountry Director Victoria Kwawa.
The mid-term CG meeting, slated for June 9 to 10 in Rach Gia City of the Southern province of Kien Giang, will focus on macro-economic situation and policy priorities for 2010; the national socio-economic development strategy for 2011-20 and the socioeconomic development plan 2011-15; and responding to climate change.
The meeting will be chaired by Minister of Planning and Investment Vo Hong Phuc and the WBCountry Director Victoria Kwawa./.