Vietnam Faces Continued Economic Challenges in 2013, Dung Says

Vietnam will try to address economic challenges in 2013 as inflation risks persist, bad loans weigh on banks and rising inventories hurt businesses, Prime Minister Nguyen Tan Dung said.

Domestic concerns include bad debt that has crimped bank lending, “shortcomings in the government’s management” and “economic structure weaknesses,” Dung in his New Year’s message posted on the government’s website yesterday. Vietnam is “determined to fix weaknesses, overcome difficulties, continue to curb inflation and ensure growth, aiming for sustainable development,” he said.