Vietnam’s outlook remains positive: WB Business

Vietnam’s outlook remains positive: WB

Vietnam’s growth momentum moderated since the beginning of the year, but outlook remains positive, according to Taking Stock, the World Bank (WB)’s bi-annual economic report on Vietnam released on July 1.
WB: Vietnam’s economy improves further Business

WB: Vietnam’s economy improves further

Vietnam’s economy is forecast to continue improving, with gross domestic product (GDP) to expand by 6.8 percent this year, said the World Bank (WB) in its latest economic update for Vietnam.
GDP not an ideal indicator for growth, says Nobel laureate Business

GDP not an ideal indicator for growth, says Nobel laureate

About two years ago I read on Viet Nam News about the willingness of the Vietnamese Government to let foreign companies set up shop in Vietnam, which I think is a good idea in developing economies. In the initial stages, typically an economy doesn’t have all the skills needed for growth to get momentum.
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Philippines’ budget deficit to increase

The Philippines’ budget deficit in 2014 is expected to rise to 2.3 percent of the country’s gross domestic product, largely due to the massive rehabilitatio in typhoon-devastated areas, according to First Metro Investment Corp (FMIC).