VIIF- Vietnam International Industrial Fair 2012

Vietnam Sets the Stage for an Improved 2012
Vietnam’s successful effort to get inflation below 20% for 2011 caused the country’s economic growth rate to sink well below last year’s 6.8% — although any developed country would be overjoyed to achieve Vietnam’s 2011 GDP growth that came in at 5.9%.

The consumer price index remained extremely high at 18% in December, but significantly below the summer peak. The Government hopes to get the CPI down to 9% next year while maintaining 6% economic growth and cutting interest rates on loans that had risen as high as 25% in 2011.