Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home>>Daily News>>Vietnam>>Economy>>IMF projects Viet Nam’s GDP growth by 6.6%

NEWS UPDATES Asean Affairs  April 20, 2018  



IMF projects Viet Nam’s GDP growth by 6.6%

 In a recent report, the International Monetary Fund (IMF) projected Viet Nam’s economy to grow by 6.6 per cent this year and by 6.5 per cent in 2019.

Titled “World Economic Outlook, April 2018”, the report predicts that the GDP (gross domestic product) growth of emerging Southeast Asian economies, such as Indonesia, Malaysia, the Philippines, Thailand and Việt Nam, will remain above 5 per cent in 2018 and 2019.

Last year, despite many difficulties, Viet Nam’s GDP expanded by 6.81 per cent, higher than the target set by the National Assembly and the highest in the last decade.

The quality of the country’s economic growth has also improved, with the overall labour productivity gaining some 6 per cent in 2017.

Viet Nam also saw progress in pursuing a new growth model based on productivity and innovation. The country has gradually reduced its reliance on natural resources, particularly crude oil, and shifted its focus to industry, manufacturing, processing and services.

The Vietnamese Government aims for an economic growth of 6.7 per cent and an average inflation rate of 4 per cent this year.

IMF also predicted that the Asian economy will grow at a rate of some 6.5 per cent in 2018-19 and remain the engine of the global economy.

According to the fund, Chinese and Indian economies will increase by 6.6 per cent and 7.4 per cent, respectively, in 2018 while the figures for 2019 will be 6.4 per cent and 7.8 per cent, respectively.

Most economic forecasts since early April said Viet Nam’s GDP growth will be 6.5 per cent or higher this year.

In an annual credit analysis released on April 3, Moody’s Investors Service said Viet Nam’s real GDP growth would remain robust, averaging 6.7 per cent in 2018.

According to the analysis, Viet Nam’s 2018 growth will be supported by domestic consumption and strong investment growth on the back of the public infrastructure development spending.

Moody’s also expects strong foreign direct investment (FDI) inflows to continue to diversify Viet Nam’s economy and strengthen its growth compared to similarly rated peers, thereby supporting stabilisation in the Government’s debt burden.

Meanwhile, World Bank on April 12 predicted Viet Nam’s economic growth to stabilise at some 6.5 per cent in 2018 while inflation is predicted to remain moderate, thanks to a benign global price environment and strong wage growth that may ultimately lift core inflation. External balances are projected to benefit from robust exports and FDI inflows.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                       April 20, 2018 
• PowerChina to build hydropower plants for $17.8 billion
• PHL inflation ‘to top out’ at 5-6% in May-June —DBS Subcribe: Asean Affairs Global Magazine
• IMF projects Viet Nam’s GDP growth by 6.6% Subsribe Now !
• Consumer Price Index drops slightly in March
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Over 200 firms participate in HVACR VN 2018
Asean Stock Watch   April 19,  2018

• Asean Stock Watch-April 19, 2018
Asean Analysis                April 9 2018
• Asean Analysis April 9, 2018
Chinese Influence Activities with U.S. Allies and Partners in Southeast Asia
Advertise Your Brand

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com