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Home  >>   Daily News  >>Vietnam>>Economy>>Vietnam targets 6.4 - 6.8% growth in 2018
NEWS UPDATES Asean Affairs    July 26, 2017  











Vietnam targets 6.4 - 6.8% growth in 2018


The Ministry of Planning and Investment is targeting an economic growth rate of 6.4 percent to 6.8 percent for Vietnam in 2018, according to a document sent to ministries and local authorities with guidelines to develop the socio-economic plan for 2018.

The ministry said that the economic growth in 2018 would continue to improve, fuelled by increases in manufacturing, construction, trade, banking and tourism sectors.

The global economic and trade growths were also expected to be higher in 2018 than 2017, creating favorable conditions that would boost the economic growth, especially exports, the ministry said.

In addition to this, the improving business environment, rapid international economic integration, increasing foreign direct investment and private investment, coupled with the Government’s determination to remove difficulties for firms will support production and trade, it said.

The ministry said that the agriculture, forestry and fishery sectors were anticipated to have good prospects with increasing prices in the global market.

Accordingly, the ministry has planned the gross domestic product (GDP) to grow at 6.4 percent to 6.8 percent in 2018, total export revenue to increase by 9 percent to 10 percent, trade deficit ratio to be below 3 percent of the total export revenue and the total investments for social development to be at 33.5 percent to 35 percent of the GDP.

Vietnamese economy grew at 5.73 percent in the first half of this year. To fulfil the growth rate target set at 6.7 percent for the full year, the country must achieve 7.42 percent growth rate in the second half, which is considered to be an ambitious goal.



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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

 


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