The ruling Communist Party of Vietnam will maintain its tight grip on power in 2009-10, rejecting calls (especially from groups of overseas Vietnamese) for political pluralism. The government!s fiscal stimulus package includes spending on infrastructure, tax breaks and a delay in the implementation of the new personal income tax regime. As inflation is continuing to ease, the State Bank of Vietnam (the central bank) is likely to keep policy interest rates low in 2009-10. The Economist Intelligence Unit forecasts that the economy will grow by 2.1% this year, before picking up in 2010, to 4.9%.
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