(VNA) - Vietnam’s economy will grow by 5.1 percent in 2012 and 5.7 percent next year, according to the Asian Development Outlook 2012 Update released by the Asian Development Bank (ADB) on Wednesday.
ADB Country Director in Vietnam Tomoyuki Kimura said that the Government’s commitment to implementing a reliable reform roadmap with specific actions will recover lending and improve confidence in the market.
ADB economic expert Dominic Mellor said that the bank backs the Government’s plans to reform the financial sector and State-owned enterprises (SOEs). Sharing his views on the challenges Vietnam will face in the coming time, he stressed the need to solve the bad debt problem and ensure that banks keep a close eye on their capital.