Dr. Nguyen Duc Thanh, Director of the Vietnam Centre for Economic and Policy Research, introduces the main content of the annual economic report (Source: VNA) Hanoi (VNA) – The Vietnam Annual Economic Report 2017 has provided twoscenarios for Vietnam’s macro economy in 2017, with inflation rate to be cut to2.35 percent and economic growth unlikely to achieve the set target of 6.37percent.
The report was launched in Hanoi on June16 at a workshop co-organised by the VietnamCentre for Economic and Policy Research (VEPR) under the University ofEconomics and Business of the Vietnam National University,Hanoi and the Friedrich Nauman Foundation (NFN) in Vietnam.
The report also gave an overview of the globaleconomy and Vietnam’s annual macroeconomic issues, and policy implications.
Speaking at the workshop, NFN Director Ruediger Vincent Graichen said that the reportwill actively contribute to Vietnam’s policy making process and encouragingdebate on major development issues that the national economy is facing.
Dr. Nguyen Duc Thanh, Director of the VEPR, said the report was built in thecontext of economic growth slowdown and slow improvement of economicproductivity.
A resolution adopted at the 12th Party Central Committee’s fifthplenum in May sets a target of promoting institutional reform, improving businessclimate and creating favourable conditions for businesses, especially privateones, while investors are keeping close watch on Vietnam’s determination andability to build an incorruptible and transparent Government in service ofpeople, he said.
According to statistics from the VEPR, Vietnam’seconomic growth in 2016 was not as high as expected, reaching only 6.21percent. The inflation rate rose again, at 2.66 percent, due to increased pricesof public services and recovered goods prices in the global market.
The processing and manufacturing industry remained the main growth motivationwith an expansion of 11.9 percent.-VNA
VNA
