Vietnam Forecasts as Much as 6.7% Economic Growth in 2018


By Nguyen Dieu Tu Uyen

Vietnam is confident it will meet its goal of 6.7 percent economic growth this year, and forecasts the same rate of expansion in 2018.

Prime Minister Nguyen Xuan Phuc gave these forecasts in a speech at the National Assembly’s opening session in Hanoi on Monday.

Vietnam is poised to remain among the world’s fastest-growing economies, as new factories open and foreign direct investment rises. The central bank in July cut its benchmark interest rate for the first time in three years, giving the economy another boost.

The Asian Development Bank predicted growth of more than 6 percent this year and next.

While boosting economic growth, the government also “needs to ensure it can control inflation and continue to improve the investment climate for businesses,” said Vu Hong Thanh, the head of the National Assembly’s Economic Committee.



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