ASEAN KEY DESTINATIONS
Vietnamese inflation, forex stabilise in 2011
The government would give top priority to tackling inflation and foreign exchange problems next year, he said last Saturday on the sidelines of a seminar on opportunities and risks in the stock market in 2011.
Once the inflation problem was solved, the interest rate issue would cool down and the stock market would grow in a more stable manner, officials said.
The world's economic recovery in 2011 would be strongerand the "dark clouds" above Egypt, Ireland, Spain and Italy would lighten and the Asian economy would continue to develop rapidly, supporting Viet Nam's economic growth, officials said.
Vietnam's stock market has positive factors to attract investors, including the average Price to Earnings (P/E) ratio of around 7 and 8 compared to the regional average of 17.
However, speculation played a role in improving liquidity, drawing medium and long-term investors. Over the last three months, foreign indirect investment has increased by about 10 per cent each month.
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