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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Vietnam growth seen at 6%: central bank AFP - Tuesday, March 23 Send IM Story Print Vietnam growth seen at 6%: central bank Slideshow: Full Photo Coverage: Business & Economy HANOI (AFP) - – Vietnam's first-quarter growth is expected to reach six percent, just a shade below the official full-year target, the central bank governor said on Monday. "Vietnam has managed to cope with the crisis relatively successfully," said Nguyen Van Giau, governor of the State Bank of Vietnam. He released the first-quarter estimate at an international conference of policy-makers, diplomats, analysts and non-governmental groups discussing post-crisis growth and poverty reduction in developing Asia. The communist government is aiming for 6.5 percent gross domestic product (GDP) growth in 2010. Despite the global economic and financial crisis, Vietnam's economy expanded 5.32 percent last year, although that came with a budget deficit which official data said reached seven percent of GDP. In early February, with concern over a high trade deficit and inflation, Vietnam devalued the dong for the second time in three months. An International Monetary Fund (IMF) official told the conference that ensuring a foundation of macroeconomic stability is a key challenge for promoting long-term growth in developing Asian economies. "Despite generally good performance in this regard, some threats remain," said John Lipsky, IMF First Deputy Managing Director. "In some countries, fiscal deficits and public debts are large, credit growth and inflation is high and international reserves are low." Recommend Send IM Story Print Related Articles Russian rouble falls on oil, profit-taking Reuters - 35 minutes ago Russia denies bid for U.S. air tanker contract Reuters - 35 minutes ago US-BUSINESS Summary Reuters - 37 minutes ago AT&T to sell Palm, Dell smartphones Reuters - 38 minutes ago India corp bond yields rise, borrowing details eyed Reuters - 49 minutes ago News Search Top Stories BA strike sparks business warning, political row UN body rejects Tanzania ivory sale UN body rejects Tanzanian bid for ivory sale Clinton vows 'rock solid' commitment to Israel With health vote, Obama claims a new place in history More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Fish and chips celebrates 150 years as a British classic Hundreds evacuated after Iceland volcano erupts Gene study highlights cancer risk for "never smokers" With health vote, Obama claims a new place in history British Airways strike enters final day More Most Viewed » Chile quake moved Earth's axis, shortened days: scientist Experts confirm asteroid wiped out the dinosaurs 'Britain's Fritzl' raped daughters for over 25yrs Researchers back cancer-fighting properties of papaya Prince Philip in strip club gaffe More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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