It happens cause credit crunch around the world...Vietnam is a export country , so GDP essential depend on export...Customers in import countries don't want to buy anything because they lost job or income goes down ...It makes their stock full of products and no customers...They don't have enough funds to control,so they will cut their labors or close their factories...It is happening in Vietnam, a lot of factories are closed ...It must make economy go down...Bank of Vietnam is doing many thing to reduce that, but They can't control that....Especial, they cut their interest rate many times...For example ,6 month ago they cut their interest rate from 20% to 14%,now from 14% to 8.5%...They want more investment ,but it isn't effected...Only having more foreign investments, local investors don't have enough confidence investment...The real action was happened their economy growth only grew up 6.5% less than their plan...I think It also is happening around the word ...They must wait until world economy recover ,if they want their economy grow up again....OMG credit crunch...haizzz!!!How long will it end????
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