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Vietnam's economy grows 5.9 pct in 2011

Vietnam's economy grows 5.9 pct in 2011

Vietnam's gross domestic product grew at a slower pace this year than a year ago amid doubling inflation and a trade deficit.
The government's General Statistics Office said Thursday that the country's economy has maintained "reasonable" growth at 5.9 percent despite global and domestic economic turbulence. Vietnam's economic growth in 2010 was 6.8 percent.
Inflation of 2011 doubled to 18.6 percent from 9.2 percent a year earlier. The trade deficit stood at $9.5 billion, down from $12.6 billion from a year ago.
The government has introduced a series of measures including tighter monetary policy and cutting public spending to try to tame one of Asia's highest inflation rates.


Updated : 2021-05-17 21:00 GMT+08:00