Vietnam’s positive economic development hailed
The European news agency, Euro Presse Image (www.epi-agency.com) has published an article on Vietnam’s overall economic picture which underscored that in 2014, the national economy continued to grow as a result of efforts from the Government’s effective economic management measures.
The article highlighted the results the Vietnamese economy achieved in 2014 such as continued macroeconomic stability, controlled inflation, relatively high growth and positive signs in key sectors, recovery of industrial production, notably in the processing and manufacturing industries, improved trade balance leading to high trade surplus.
Credit balance was higher than the level recorded in previous years while the monetary and foreign exchange market stayed stable.
In addition, obstacles have been gradually removed for businesses, thus helping stabilize people's lives, it noted.
However, the article also touched upon challenges facing the Vietnamese economy- low-paced economic restructuring, high public debt and irrational structure and difficulties in the development of the support and key industries.
The goals and orientations set by the Vietnam Government coupled with new signs of the world economy will create more opportunities for Vietnam to boost deeper integration into the global economy, paving the way for businesses to bolster export – import for stronger economic growth in the time ahead, it said./.