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The country set a target of stabilizing the macro-economy and controlling inflation at the level of 6.8 percent in 2013. The statistics of Vietnam’s Ministry of Planning and Investment (MPI) showed that the national economy made substantial progress in the first seven months of this year, MBT Shoes Clearance with major economic index back on track. MPI Minister Bui Quang Vinh said in a report presented at the regular monthly cabinet meeting here on Tuesday that inflation continued to be kept under control and the macro-economy was stabilized during the period, reported state-run radio Voice of Vietnam. According to the report, the consumer price index (CPI) in July increased 2.68 percent over December 2012, a record-low growth compared with the corresponding period between 2004 and 2011. Cheap MBT Shoes During the first seven months, Vietnam pocketed 72.74 billion U. S. dollars from exports, an increase of 14.3 percent year-on-year. Industrial production bounced back, with its index (IPI) growing by 4.5 percent in the first quarter, 6 percent in the second quarter and 7 percent in July. The inventory index of the processing and manufacturing industries slowed to 8.8 percent in July from 21.5 percent in January 2013. Vietnam’s goods and services sector maintained impressive momentum during the January-July period as total retail sales reached 1,488 trillion Vietnamese dong (70.9 billion U.S. dollars), a year-on-year increase of 12 percent. MBT Shoes On Sale According to the General Statistics Office (GSO), the country’s total retail sales reached 213.3 trillion Vietnamese dong (10 billion U.S. dollars) in July, up 0.4 percent from June and surging 12.83 percent over the same period last year. The country welcomed nearly 4.2 million foreign visitors in the first seven months, an increase of 5.9 percent year-on-year. In the past seven months, Vietnam attracted 11.91 billion U.S. dollars in foreign direct investment (FDI), up 19.6 percent year on year. mbt shoes for women Its disbursed capital also rose 6.4 percent to 6.65 billion U.S. dollars. The minister said that a comparatively high increase in foreign investment and capital disbursement reflected foreign investors’ trust in Vietnam’s economic stability. The number of newly established businesses also increased by 4. 8 percent in May, 7.6 percent in June and 8.4 percent in July year on year. In July, about 700 businesses have recovered operations, bringing the total number of recovered businesses in the first seven months of 2013 to 10,000, showing a positive sign of the economy. The country generated 849,600 jobs in the same period, MBT Shoes Outlet meeting 53 percent of the annual target. However, the MPI report pointed out that high inflation is likely to come back in the coming months of the year, businesses are still difficult in borrowing bank loans, credit growth and consumer purchasing power remain low. Prime Minister Nguyen Tan Dung has asked government to stick www.mbtsclearancesales.com to targets and solutions adopted in early 2012, keep close watch on market prices of essential commodities. He directed the State Bank of Vietnam to continue flexible interest rates in line with reduced inflation, helping stabilize the monetary market and making it easier for businesses to access to bank loans.

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