Vietnam’s economy is on the road to recovery through the growth of exports and credit

(VOVworld) – Vietnam’s economy is on the road to recovery through the growth of exports and credit. This was the assessment of Wednesday’s Wall Street Journal. The newspaper said Vietnam’s government is boosting investor confidence by taking concrete measures to solve problems that brought last year’s economic growth to the lowest level in 13 years. Exports in the past seven months were up more than 14 percent from last year while disbursement of foreign investment rose 6.4 percent to 6.65 billion USD. The VN-Index increased around 20 percent this year, marking Vietnam one of the strongest securities markets in Asia. The newspaper said Vietnam’s macro-economy shows signs of balance with GDP increasing 5 percent in the second quarter of the year. However, to secure its recovery, Vietnam has work to do, including reviving the construction sector after a real-estate bubble burst.