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ADB
forecasts slight growth in Vietnam's
GDP
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The Asian Development Bank today forecast
that Viet Nam's
GDP growth would rise slightly to reach 5.6 per cent in 2014 and 5.8 per
cent in 2015.- VNA/VNS Photo Ngoc Ha
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HANOI
(VNS) - The Asian Development Bank today forecast that Viet Nam's
GDP growth would rise slightly to reach 5.6 per cent in 2014 and 5.8 per cent
in 2015.
The bank said that this follows the progress made in
addressing the weaknesses of the domestic banking sector, accompanied by the
economic recovery in the US
and the Euro zone.
In its Asian Development Outlook 2014 report released in Hanoi, the bank
officials called upon the Government to create a level-playing field for
public-private partnerships in order to engage more private investment in
developing public infrastructure and services.
Dominic Mellor, country economist for ADB Vietnam, said the
new Public Private Partnership decree needs to put greater emphasis on
competition, which means projects must be awarded through competitive bidding
and should follow standard international practices.
The outlook also forecasts that the growth patterns in Southeast Asia would be dominated by country factors
and would be around 5 per cent in 2014, as the gains made from better export
markets are offset by moderate domestic demand. - VNS
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