Thanks to stable socio-economic development, the scale of the economy expanded to 5.5 quadrillion VND (about 240.5 billion USD), 1.3 times higher than that recorded in 2015.
GDP growth estimated at 6.7 percent in 2018 (Photo: VNA)
Gross domestic product (GDP) in the first nine months of 2018 grew 6.98 percent from the same period last year, the fastest nine-month pace since 2011.
Standard Chartered Bank continues to expect Vietnam’s robust gross domestic product (GDP) growth of 7 percent in 2018, driven by strong FDI-supported electronics manufacturing and rising consumption.
Authorities need to closely control the rapid increase in Vietnam’s credit-to-GDP gap so as not to cause high inflation as in the past, experts have warned.
The Central Institute for Economic Management (CIEM) has forecast Vietnam’s economy growth for 2018 may be at 6.88 thanks to positive socio-economic results in the first nine months of this year.
Prime Minister Nguyen Xuan Phuc on October 22 highlighted the improvements in all aspects of Vietnam since 2016 while reporting on the country’s socio-economic situation this year and the development plan for 2019 to the National Assembly (NA) during its ongoing 6th session.