VietNamNet Bridge – Vu Viet Ngoan, head of the Prime Minister’s Economic Advisory Team, talks to Thời báo kinh tế Việt Nam (Việt Nam Economic Times) about how the country can maintain its strong growth in 2019 and the next few years with internal strengths. Loading cargoes at the Hoang Dieu Port in the northeastern city of Hai Phong. — VNA/VNS Photo Thong Nhat The Government’s report said 2018 saw “comprehensive and positive achievements across all socio-economic aspects”. In your opinion, what was the highlight? In 2018, the Vietnamese economy witnessed growth in all three sectors – agriculture, industry and service. Not only have we attained high GDP growth, we have also consolidated macroeconomic fundamentals and increased the quality of growth, with the increase in productivity and higher ratio of manufacturing industries in the GDP compared to 2017. For me, there are two points that outshine … [Read more...] about Market confidence to drive Vietnam economic growth in 2019
Vietnam economic growth
Vietnam’s economic growth forecast at 6.88 percent in 2018: CIEM
Ilustrative photo (Photo: VNA) Hanoi (VNA) - The Central Institute for Economic Management (CIEM) has forecast Vietnam’s economy growth for 2018 may be at 6.88 thanks to positive socio-economic results in the first nine months of this year. The forecast is higher than the institute’s prediction of 6.71 percent released three months ago. For the whole year, export growth is also forecast at 13.34 percent, trade surplus at 5.1 billion USD, and average inflation at 3.97 percent, the CIEM said at a seminar themed "Vietnam's Economy: Deepening Reforms and Enhancing Investor Confidence", co-hosted by CIEM and the Australian-funded programme, Australia Supports Economic Reform in Vietnam (Aus4Reform), in Hanoi on October 17. The workshop aimed to update and evaluate the macroeconomic developments in the third quarter and the outlook for the whole year, while giving recommendations on economic reform and macroeconomic management orientations in the last months of 2018 and the … [Read more...] about Vietnam’s economic growth forecast at 6.88 percent in 2018: CIEM
Vietnam’s economic growth forecast at 6.88% for the whole year: CIEM
>>> Think tank sets positive outlook for economic growth in 2018 The estimated data was provided by the Central Institute for Economic Management (CIEM) at a seminar themed "Vietnam's Economy: Deepening Reforms and Enhancing Investor Confidence", co-hosted by CIEM and the Australian-funded programme, Australia Supports Economic Reform in Vietnam (Aus4Reform), in Hanoi on October 17. The workshop aimed to update and evaluate the macroeconomic developments in the third quarter and the outlook for the whole year, while giving recommendations on economic reform and macroeconomic management orientations in the last months of 2018 and the following years. Priorities given to macroeconomic stability According to CIEM's report, high economic growth in the first two quarters of this year will help to significantly reduce the pressure on achieving the economic growth targets in the last months of the year. Exports and the disbursements of foreign investment increased quite stably, … [Read more...] about Vietnam’s economic growth forecast at 6.88% for the whole year: CIEM
Vietnam’s economic growth is on track but risks for long-term prospect remain
The Hanoitimes - The inflation target of under 4% in 2018 would be achievable if there is no major change in energy prices in the fourth quarter. Vietnam's GDP is projected to reach over 6.8% in 2018, however, internal and external risks are going to have significant impacts on the country's long-term prospect, according to the Vietnam Institute for Economic and Policy Research (VEPR). Overview of the VEPR's workshop. Source: Ngoc Thuy. Vietnam's economy in the third quarter expanded 6.88% year-on-year, leading to the overall growth of 6.98% in the January - September period, the best nine-month performance since 2011, stated Nguyen Duc Thanh, VEPR's director. "Vietnam is on track to reach and even exceed the growth target of 6.7% set by the National Assembly for the entire year," Thanh said at the launch of VEPR's quarterly macroeconomic report on October 10. In the long term, the Vietnamese economy will receive multi-dimensional impacts from … [Read more...] about Vietnam’s economic growth is on track but risks for long-term prospect remain
Vietnam’s economic growth forecast to reach 6.9 per cent this year
The economic growth of Vietnam is expected to reach 6.9 per cent in 2018, which is slightly lower than the 7.1 per cent projected in April as exports, agriculture, construction, and mining are expected to moderate in the second half of the year, according to the predictions of the Asian Development Bank (ADB). The ADB has lowered Vietnam's growth forecast to 6.9 per cent this year According to statistics published by the ADB, the Vietnamese economy continued to perform strongly in the first half of 2018, although external and domestic challenges could affect the country’s growth outlook for this year and the next. In an update of its flagship annual economic publication, Asian Development Outlook (ADO) 2018, the ADB forecasts Vietnam’s economic growth at 6.9 per cent for 2018, while retaining its 2019 growth forecast of 6.8 per cent. Economic growth will likely hold up well in the near-term, buoyed by resilient domestic demand, improved business conditions, and … [Read more...] about Vietnam’s economic growth forecast to reach 6.9 per cent this year