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DCG optimistic about Vietnamese economy |
4/25/2009 11:40:00 AM
Vietnam’s economy is becoming good again after a period of “too hot” development, said John Shrimpton, director of Dragon Capital in Ho Chi Minh City. Addressing a forum on Vietnam, part of the 10th Euro Finance Week held in Frankfurt, Germany, from November 19 to 23, the economist from the Dragon Capital Group (DCG) pointed out good signals in the economy, including lower inflation, reduction in trade surplus, and the stability of the Vietnamese currency dong (VND).
Vietnam’s exports during the first ten months of the year increased by 13 percent, the highest level in Asia, he added.
Earlier at a forum on Asia, experts said that despite current challenges, the continent would still be a place where export growth and labour potential is biggest in the world. They believed that “the 21 st century will belong to Asia.”
The 10th Euro Finance Week draws the participation of about 600 experts, including Dr. Le Dang Doanh, a famous Vietnamese economist, and 10,000 visitors from 60 countries around the world.
It is the biggest forum on the financial and insurance sector in Europe. |
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