From the demand side, growth in private consumption eased to 3.4%
owing mainly to a weaker labor market. About 116,000 businesses closed
in the past 2 years. Investment grew by 2.2%, a turnaround from...
contraction in the previous year. Foreign direct investment (FDI) inflows
remained substantial, but private domestic investment was dampened
by weak credit growth. The government brought forward some planned
capital spending, which lifted public investment. Strong exports and
sluggish imports meant net exports made a significant contribution to
GDP growth for the second consecutive year.
The stabilization policies, together with good domestic harvests and
soft global food prices, tamed inflation in 2012. It decelerated sharply
from over 20% year on year in October 2011, bottoming out at 5.0% in
August 2012 (Figure 3.31.2). On a year-average basis, inflation receded to
9.2%, half the rate of 2011.
General Statistics Office of Viet Nam. - http://www.gso.gov.vn/default_en.aspx?tabid=491
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