Vietnam central bank statistics show positive outlook

state-bank-of-vietnam

The State Bank of Vietnam on June 2 published statistics showing the economy "bouncing back" after a slowdown of growth in the first quarter of 2012.

The central bank reported GDP grew at a rate of 4.66% in the second quarter, up from 4% in Q1. The statistics also showed a steady acceleration of retail sales growth from 4% in January to 6.5% in June, and inflation slowing from 14% to 9%. The central bank said the previous slow growth was a result of "high inflation and interest rates, shrinking

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