The first three quarters of 2018 have ended with numerous reports on Vietnam’s economic growth. Reports by the Asian Development Bank, World Bank and IMF affirmed the economic target of 6.5 to 6.7% growth set by the National Assembly is achievable and likely to be surpassed. However, there is still lots of work to do to sustain the economy and prepare for 2019.
In early October, the World Bank released the East Asia Pacific Economic Update report, which praised Vietnam’s achievements thanks to the recovery of the global economy and also domestic reforms. The World Bank lifted Vietnam’s GDP forecast this year to 6.8% from 6.4% in April.
According to experts, the problems facing Vietnam are fiscal imbalance, a lack of diverse capital mobilisation channels and limited management capacity of enterprises. Those problems need all-out and long-term efforts as well as joint collaboration among the government, enterprises and people to solve.-VNA
