Vietnam: National economy continues to see steady growth

Vietnam: National economy continues to see steady growth
Published: 03 May 2007

In the first quarter of this year, Vietnam’s economic growth reached 7.7 per cent, higher than that of the same period in previous years. In April, the national economy continued to see steady growth in economic target figures.
 
In April, the value of industrial production rose by 17.3 percent, higher than the growth rate of the first quarter. Meanwhile, economic growth of the non-state sector and foreign-invested sector increased 24.2 percent and 20.1 percent, respectively (compared to 20.6 percent and 19.4 percent in the first quarter). However, the oil and gas industry’s economic growth reduced to 0.6 percent from 1.2 percent.
 
During the reviewed period, newly-registered and additional foreign investment capital hit US$3.513 billion, up 54.7 percent from a year earlier and in April alone, the figure reached US$894 million. In particular, indirect foreign investments were not reduced as predicted as the slide of VN-index was put under controlled.