(VietNamNet Bridge) – While the government has stated that it does
not intend to lower economic growth targets, economists have warned that
the public should be prepared for an unsatisfactory economic
performance in 2014. SEE MORE The dollar fell as revised data
showed the U.S. economy shrank for the first time in three
years, increasing the case for the Federal Reserve to maintain
record-low borrowing costs to stimulate growth. SEE MORE Oil prices rose in Asia today underpinned by concerns about the Ukraine
crisis as fierce armed confrontation between government forces and
pro-Moscow separatists continued unabated leaving dozens dead. SEE MORE 04:46 PM @ 28/05/2014
Without effective investments, Vietnam has no reliable
resources with which to repay its growing public debt, Do Thien Anh
Tuan, a lecturer at the Fulbright Economics Teaching Program, told Thanh Nien newspaper.
On Sunday, the Global Debt Clock maintained by The
Economist magazine described Vietnam’s public debt as nearly US$81.5
billion or 47.8 percent of the gross domestic product (GDP).SEE MOREVietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Monday, unchanged for nearly 11 months. SEE MORE
