#GDP growth

The Vietnamese economy is anticipated to expand 8% this year in the base-case scenario, providing that there are no adverse external factors facing the national economy in the remaining months of the year, according to the Ministry of Planning and Investment (MPI).

Along with maintaining the nation’s GDP growth forecast at 6.7% for this year and 7% in 2023, Standard Chartered projects that this year's inflation will exceed 4%, a figure higher than the target set by the National Assembly.

The Ministry of Transport is coordinating with relevant ministries and agencies to develop a portfolio of transport projects and specific mechanisms for the implementation of the projects which will form part of the Government’s socio-economic recovery and development programme post-COVID-19.

China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising U.S. trade war hit factory production, boosting the case for Beijing to roll out fresh support.

A GDP growth rate between 6.6 and 6.8% is one of the targets set in a resolution on the socio-economic plan for 2019 that was approved by the National Assembly on November 8.

It will be difficult to curb inflation if unreasonable measures are used to reach a GDP growth rate of 6.7% and low inflation rate of 4% in 2017.

PM Nguyen Xuan Phuc on March 1 chaired a Cabinet meeting to review socio-economic performance in February and discuss ways to accelerate economic growth as planned.

The Government is determined to weather all setbacks and challenges to attain the highest possible economic growth, Prime Minister Nguyen Xuan Phuc stated at the first regular meeting of the 2016-2021 Government in Hanoi on August 1-2.