Vietnam Outlook in 2011

Asian Development Outlook 2012 Viet Nam Economic Outlook may 2012 Dominic Mellor, expanse Economist Outline 1. touch on of courage 11 2. Economic Prospects and Risks 3. Key messages 1 Part 1 Impact of Resolution 11 Confronted at start of 2011 with macroeconomic instability largeness and doctrine egression (Year-on-year, %, Q1 2007- Q1 2011) flash (y-o-y, residue of the quarter) (rhs) maturement of credit to the rescue (lhs) Credit growth Inflation 70 30 60 25 50 20 40 15 30 10 20 5 10 0 0 Q1 Q2 2007 Q3 Q4 Q1 08 Q2 Q3 Q4 Q1 09 Q2 Q3 Q4 Q1 10 Q2 Q3 Q4 Q1 11 grapheme work: General Statistics Office and distinguish rim of Viet Nam 2  Government introduced Resolution 11 Main monetary and pecuniary targets Indicators 2010 Actual 2011 Target fiscal Deficit (% of GDP) 5.6% 5% Credit Growth (y-o-y %) 32.4% 20% M2 Growth (y-o-y, %) 33.3% 15-16% N.

A 16% warn loaning as % of total Source: Ministry of finance and State wedge of Viet Nam fiscal deficit has been reduced Revenue, spending and Fiscal Balance (Annual, % of GDP, 2007-2011) 31 Revenue and grants 30 On-budget expenditure 29 28 27 26 25 24 2007 2008 2009 2010e 2011e 2007 2008 2009 2010e 2011e 0 -1 -2 -3 -4 -5 Fiscal balance on Governments Definition -6 Source: Ministry of finance 3  and credit growth has slowed Credit growth (year-on-year) and lending rate, Q1, 2007 Q4, 201 1 give the sack Credit Increase % Cr! edit Growth Trillion VND 70 250 60 200 50 40 150 30 100 20 50 10 0 0 Source: State Bank of Viet Nam as SBV tightened monetary policy Interest rate, (per annum, %), Jan. 2010 April 2012 % per annum Refinancing rate 20 discount rate Repo drift for 7 days 16 12 8 4 Sources: State Bank...If you want to get a all-encompassing essay, order it on our website: OrderCustomPaper.com

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