tailieunhanh - Prospects for Vietnam’s economy in 2013
In this context, principal targets set for 2013 are macroeconomic stability, lower inflation rate, higher growth rate, three strategic breakthroughs associated with restructuring of the economy, and a new economic growth model. This paper analyzes obstacles to Vietnam’s economic growth, and offers short-term solutions to bottlenecks and long-term ones to the economic restructuring. | 2 | Trần Hoàng Ngân Prospects for Vietnam’s Economy in 2013 Prospects for Vietnam’s Economy in 2013 TRẦN HOÀNG NGÂN Associate Professor, Doctor of Philosophy, University of Economics HCMC Email: ngannh@ ABSTRACT In 2012, Vietnam’s economy faced great challenges. The world economy experienced more difficulties and complicated upheavals. International trade fell drastically while global growth rate was lower than predicted target, which affected badly the Vietnamese economy because of its full integration into the world economy and large openness. In this context, principal targets set for 2013 are macroeconomic stability, lower inflation rate, higher growth rate, three strategic breakthroughs associated with restructuring of the economy, and a new economic growth model. This paper analyzes obstacles to Vietnam’s economic growth, and offers short-term solutions to bottlenecks and long-term ones to the economic restructuring. Keywords: socioeconomic development, directions for 2013, world economy, Vietnam’s economy, short-term solutions, long-term solutions. JED January 2013 | 3 1. VIETNAM’S ECONOMY IN 2012 This is the fifth rough year of the world economy since crises in the real estate and finance markets in the US broke out in 2008. After the recovery of in 2010, the world economy kept falling to a double recession in two consecutive years. In 2011 and 2012, the growth rate just reached and respectively. The Euro-zone, due to impacts of the public debt crisis, has impossibly weathered the recession; and the 2012 economic recession was , the unemployment rate more than with the highest unemployment rates falling to Spain () and Greece (). In addition to economic recession, the world political security is extremely complicated by Sino-Japanese tensions in the East Sea, incidents in the Korean peninsula, particularly in the North Africa and Middle East, which has sharply affected the world socio-economy. .
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