Vietnam's economic growth slows amid rising inflation
Vietnam - Arabstoday
Vietnam's economic growth has slowed in 2011 after the government took steps to rein in inflation and domestic demand.The statistics office said it expected the economy to have grown by 5.9% this year, down from 6.8% in 2010.Vietnam has raised the cost of borrowing and introduced measures to cut credit growth in a bid to control prices. However, despite those measures the rate of inflation doubled to 18.6% in 2011 from 9.2% a year ago.
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