HCM CITY, Aug 2012. Policymakers have signalled that they are willing to take necessary actions to move the economy forward,the Hong Kong and Shanghai Bank (HSBC) has said in its monthly research report.
“Vietnam at a Glance” notes that inflation declined to 5 per cent in July from 23 per cent in August 2011. The trade deficit, too, narrowed to US $58m in the first seven months compared to almost $ 6bn a year earlier.
The dong has been stable for most of the year while forex reserves have risen, bolstered by both an improved trade deficit and strong FDI disbursements.