Gov’t eyes 6.6-6.8% GDP growth rate for 2019

The Government sets an economic growth target of 6.6-6.8% for 2019, said PM Nguyen Xuan Phuc while presenting a report for socio-economic development norms on October 22 in Ha Noi.

Maximising advantages of the circular economy

Vietnam is making great inroads to reduce environmental pollution and pursue green growth, with the renewal of the growth model.

Drivers for economic growth promoted

Vietnam’s economy in the last nine months has continued to grow. The Government, ministries, sectors and localities have focused on improving competitiveness, reforming institutions, promoting the private sector, and developing science and technology.

US trade war with China to strengthen Vietnam’s competitiveness

Vietnam has free trade agreements with Canada, Japan and Mexico (through Comprehensive and Progressive Agreement for Trans-Pacific Partnership - CPTPP), and plans to sign an FTA (free trade agreement) with the EU. These will be advantages in the US - China trade war.

Vietnam is the most globalised populous economy

Viet Nam’s trade as a percentage of gross domestic product (GDP) reached over 200 per cent in 2017, the highest level for any country with over 50 million people in the World Bank’s data set, which goes back to 1960.

Government forecasts this year’s GDP growth of over 6.7%

The Vietnamese government has given a positive economic forecast with this year's possible GDP growth of more than 6.7% along with gradually improved growth model.

Vietnam targets fiscal deficit at 3.6% of GDP in 2019

The structure of state budget expenditures is set to improved, of which, regular spending continues to decline and expenditure for development investment is going to increase.
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