Perhaps it is not so astonishing. After all, since the prime minister's speech a year ago, inflation has risen every month, hitting 27 percent in July, the highest recorded figure since 1991. Food prices rose by 73 percent, petrol and gas by 46 percent, rents and housing by 25 percent. It has become a running joke that supplies of White-Out ink are getting scarce in Vietnam because cafés have to change the figures on their menus every day.
The Economist Intelligence Unit recently forecast that Vietnam's economic growth would slow from an average of 7.9% from 2002-2007 to 5.1% for the decade spanning 2011-2020 as "vested political interests may impede reform, thereby preventing the necessary restructuring of some SOEs". Slower growth will inevitably lead to more difficulty in providing jobs and potentially more social unrest, others predict.
"Officially, despite the recent economic slide, Hanoi still claims that foreign direct investment reportedly worth more than US$30 billion so far this year continues to pour in. The reality is somewhat different because the official figure only indicates registered or planned investments, which may or may not materialize. When it comes to actual disbursed investments, the amount is just US$5 billion"
wtf...cant afford a human narrator?
thepookyhead 3 years ago 5
HahahaHahaha :D
Chhaylin 3 years ago 3