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Industry: Email Alert RSS FeedWorld Bank issues rosy spring report. (News).
Vietnam Investment Review, April, 2002 by Nguyen Ha
LATEST economic performance assessments from the World Bank have proved positive, lifting hopes of a recovery in the remaining three quarters of this year.
A 36-page World Bank report entitled `Vietnam Economic Monitor -- Spring 2002' opens with the statement: "Overall, the economic outlook for Vietnam continues to improve."
World Bank country director Andrew Steer enthused: "We have never seen a moment like this, in which foreign donors are showing a high level of optimism [regarding the country's prospects]."
The rosy assessment paves the way for a successful mid-term Consultative Group meeting due for Can Tho in June.
World Bank and government data both showed economic performance in 2001 and in the first quarter of 2002 was lower than...
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