International donors concerned about the groups in Vietnam

Government urged to continue reform of State enterprises sector, representing the World Bank (World Bank) said that the story camera quan sat of big corporations has recently been a concern of international donors .

Speaking at a press conference ahead of the mid-term Consultative Group of donors for Vietnam in 2012 (mid-term CG 2012) chong set pm 28/5, World Bank Country Director Victoria Kwakwa said that donors really problems before the recent results of the business groups and state corporations.

WB urges Vietnam to continue reform of State enterprises sector.

Comments are the World Bank representatives came after many questions from reporters around the perspective viec lam dau khi of international donors to expose cases of debt, as well as the results of business-related scandals the "big" as Vinashin or Vinalines. "World Bank as well as many other donors have no specific data about the incident. However, in my perspective, the concern is entirely understandable," said Kwakwa. World Bank is to organize the annual CG conference, where donors discuss capital development support for Vietnam and evaluate the effective use of capital.

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Declined to comment specifically viec lam dau khi about the cases mentioned above, but the national director of World Bank, as Vinalines cases are placed before the Government of Vietnam requires further accelerate the speed of restructuringstate enterprises. "A restructuring program will be effectively stimulate good for long-term economic development," World Bank said in a report reviewed the economic situation in Vietnam in 2012.

Outlook general economic situation, the agency said that Vietnam is suffering from the negative effects of global economic recession, like many other East Asian economies. However, according to World Bank chief economist in Vietnam - Deepak Mishra, over time, macro-economic environment of Vietnam has made significant improvement. Specifically, inflation decreased, the current account balance improved, stable exchange rate, foreign exchange reserves increase, the risk of economic decline. "These are clear indications of the economy of Vietnam", World Bank experts said.

According to Mishra, despite growing signs of economic slowdown (4% in the first quarter), however: "This is part of a larger trend to change the growth pattern in a stable." On specific sectors, World Bank concerns the drop in exports of agricultural commodities, minerals and rice in the quarter I/2012. However, phone export - spare parts up 154%, or 99% of computers increase positive aspects of Vietnam's economy.

Appreciate Resolution 11 2011 of the Government, World Bank chief economist in Vietnam Deepark Mishra said that the objectives of the resolution as controlling inflation, stabilizing macro economy, ensuring social security has done relatively well.

"Resolution 11, though not yet perfect, but can be relatively successful model to design and implement reform programs in the future," he said.

But the World Bank is not optimistic for the phenomenon of inflation slowed last time, and warned inflation falls too fast viec lam and no less dangerous when the rapid increase in the previous year. World Bank warned Vietnam of loose monetary policy in recent years. Accordingly, the Government should not lose focus and loosen monetary policy too soon because this may affect the rate of inflation in the remaining months.

Evaluation of growth this year, the World Bank said that Vietnam could achieve 5.7% GDP (compared to the target from 6 to 6.5% by the Government). This figure is given in the context of economic difficulties, a series of bankrupt dau khi viet nam enterprises and the authorities themselves acknowledged signs of decline.

However, the inflation target is projected to be achieved at 9.5%. The budget deficit will be at negative 3.6% GDP, public debt about 49% of GDP, while the current account balance deficit of 1.6% (the figure of 2011 was negative 2.7%, respectively, 48 , 8% and negative 0.5%). WB also said that the most reasonable level of inflation in the short term to Vietnam should be 8-9%. In the medium term 2 to 3 years, this number can be reduced about 5% is reasonable.

"Inflation so will ensure the objectives of macro balances of Vietnam," he explained Deepark Mishra.