Experts
of Singapore-based JP Morgan Chase Bank have predicted that the Vietnamese
economy will achieve a higher degree of stability in 2012 than in 2011, thanks
to the government’s tight policy which has started to bear results.
They also predicted that Vietnam’s inflation
will cool down, the balance of payments will be better supported, and its
foreign currency reserves will increase.
Vietnam’s trade deficit will be offset by
overseas Vietnamese remittances and foreign direct investment, according to JP
Morgan Chase.
The bank holds that the asset quality of banks
remains one of the most worrying problems of the Vietnamese economy, even
though the possibility of a crisis in the banking system is low at present.
VOV
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