• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Talk Vietnam

All About The Vietnam

  • Submit
  • Disclaimers
  • About
  • DMCA
  • Privacy Policy
  • Contact

You are here: Home / IMF forecasts Vietnam’s economy to grow by 6.5 percent in 2019

IMF forecasts Vietnam’s economy to grow by 6.5 percent in 2019

July 17, 2019 by

Illustrative image (Source: VNA)


Hanoi (VNA) –
The International Monetary Fund (IMF) on July 16 said Vietnam’s economic growth is projected to slow to 6.5 percent in 2019 from a 10-year high of 7.1 percent in 2018, reflecting weakening external conditions.

The IMF said trade tensions and volatility affected Vietnam in 2018, but the economy had remained resilient, fueled by growth in middle class incomes and consumption, a strong harvest and surging manufacturing.

The strong economic momentum is expected to continue in 2019, aided by competitive labour costs and other strong fundamentals, including a diversified trade structure, and recently signed free trade agreements which are spurring reforms, according to the IMF.

However, Vietnam’s gross domestic product (GDP) growth is expected to fall to 6.5 percent in 2019 due to weakening external conditions, the IMF said.

The country’s inflation would increase from 3.5 percent in 2018 to 3.6 percent and 3.8 percent in 2019 and 2020 respectively, it added.

The IMF’s executive directors welcomed Vietnam’s improvements in tax policy and administration, including higher environmental taxes, the tightening of government guarantees and lower current spending, which helped cut public and publicly guaranteed debt.

They noted that the focus should be on the quality of adjustments to keep public debt on a declining path and create room for priority infrastructure and social spending, prepare for rapid prospective population aging, and deal with the effects of climate change and digitalisation. 

The directors also welcomed Vietnam’s monetary and credit policies stance, especially declining credit growth which is helping Vietnam cement macroeconomic stability. 

The IMF experts called on the Government to push ahead with reforms to reduce remaining barriers to investment, including improving access to land and credit, which would boost private investment and raise worker productivity and growth.-VNA 


  • World's economies grow in sync, but US and Europe lag behind
  • U.S. Economy Grows But Black Unemployment Rises
  • U.S. Economy Grows at Fastest Pace Since 2014
  • Serbia's PM see economy growing 2.5 percent in 2017
  • Vietnam's economy grows 6.8 percent, highest in 10 years
  • Low world inflation dogs central bankers, even as economies grow
  • Japan's manufacturers most optimistic in a decade as economy grows: Reuters Tankan
  • New York City economy grows by 3.4%, but hourly pay stays flat: analysis
  • China's economy set to slow sharply in 2018, ADB warns
  • Consumer spending shows solid monthly increase of 0.4 percent

Filed Under: business #META_Keywords, Business, International Monetary Fund (IMF), economic growth, external conditions, resilient, middle class incomes, gross domestic product (GDP) growth, tax policy, Vietnamplus, Vietnam News Agency, percent economie bovenbouw havo antwoorden deel 2, imf 35 advanced economies, imf forecasts 7.4 growth for india in fy19, imf canada forecast, imf forecast 2018, imf top economies, imf about indian economy, imf top 10 fastest growing economies, imf top 10 economies, imf top 20 economies, imf top ten economies, how protectionism helps to grow the american economy, growth forecast imf, why is vietnam economy growing, economy 2019, why economy grows and crashes, percent economie antwoorden vwo 4, top forecasters of the u.s. economy, how economies grow, imf forecast 2019, cmhc forecast 2019, uk economy grows 0.5 in fourth quarter, imf forecasts 2018, forecast dow jones 2019, verge forecast 2019, 2019 equities forecast, emerging market forecast 2019, economy under trump 2019, vietnam cambodia cruises 2019, global growth forecast 2019 imf

Primary Sidebar

RSS Recent Stories

  • Condotel prices fall amid failed profit commitments
  • HCM City seeks US businesses’ support for infrastructure development
  • Vietjet launches big promotion with five million discounted tickets
  • Hà Nội’s first festival on agricultural products and craft villages opens
  • White storks shadowing Dong Thap Muoi fields
Copyright © 2019 Talk Vietnam. Power by Wordpress.