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HO CHI MINH CITY kyrie 2 huarache pas cher , Oct. 16 (Xinhua) -- Vietnam's 2014 growth is expected to hit 5.6 percent and see steady yet slow improvement to 5.8 percent in 2015, according to the Australia-New Zealand Banking Group (ANZ) in Vietnam.
The bank's forecast is based on its latest report showing rate saw a strong increase in Vietnam's economic growth in the third quarter of this year to 5.62 percent, higher than 5.1 percent a year earlier, state-run Radio Voice of Vietnam reported Thursday.
Growth in the medium term is expected to stay below long-term average as both the International Monetary Fund and the Asian Development Bank forecast a growth rate of 5.5 percent in 2014, and the World Bank expected a growth of 5.4 percent.
With inflation still on a downward path, price savvy consumers may be delaying purchases in anticipation of even lower prices kyrie 2 gold medal pas cher , said ANZ.
According to the bank, the industrial production index is expanding slower than the same period in 2013. However, the recovery in the Purchasing Managers' Index to 51.7 in September remains supportive of the manufacturing sector.
ANZ predicted that credit growth will likely accelerate through the fourth quarter of this year. Loan growth reached 7.26 percent as the end of September, from 4.33 percent in the previous month. Despite the subsequent rise in rates, liquidity is still supportive of economic activity.
Regarding foreign direct investment (FDI), ANZ said as of Sept. 20 kyrie 2 flyknit pas cher , there were 1,152 newly approved projects that brought in more than 7.64 billion U.S. dollars in pledged capital. Some 417 existing projects received additional funding worth 3.54 billion U. S. dollars, taking total FDI to 11.18 billion U.S. dollars. FDI into manufacturing is still taking the largest share, keeping the outlook on exports promising.
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Maglev trains at a garage in Beijing on Monday. Beijing's first medium-low speed maglev line is expected to start trial operation by the end of this year. [PhotoXInhua]
Beijing's first medium-low speed maglev line is expected to start trial operation by the end of this year.
The 10.2-km S1 line will connect the western suburban districts of Mentougou and Shijingshan.
Eight stations, all elevated, have been built kyrie 1 uncle drew pas cher , with a maximum designed train speed of 100 km per hour, said Wang Ping, general manager of Beijing Maglev Corporation.
The line is expected to transport 160,000 people every day, with a capacity of around 1,000 passengers per six-car train kyrie 1 pe cavalier pas cher , said Wang.
Using magnetic levitation to move vehicles without touching the ground, a maglev line removes vibration and friction between train wheels and the rail track.
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