Vietnamplus

Experts are calling on the Government to reform the system of credit guarantee funds that are designed to increase SMEs’ access to long-term financing.

Vietnam’s business climate is anticipated to improve in the second half of 2017, but economic growth will be at 6.5 percent, falling short of the Government’s target.

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 World Bank (WB) in Vietnam has stated that the Vietnamese economy marked positive changes in the first half, with growth estimated at 5.7 percent and inflation kept below 2 percent.

The Vietnamese economy needs to take caution against external shocks this year due to the global economic uncertainties, a scholar has warned.

With stable economic growth and efforts of the government, Vietnam is expected to meet its growth target this year, according to economists and businesses.

Experts from the business research group Conference Board said the Vietnamese economy is not likely to experience seismic changes if US president-elect Donald Trump says no to the TPP deal.

The theme of the Vietnam Summit 2016 “Smooth Sailing Ahead,” has reflected the development situation in Vietnam, a country that is heading towards sustainable growth and prosperity.

A Russian expert on Asia-Pacific and the ASEAN from the Russian Institute for Strategic Studies has hailed Vietnam as an attractive market for investors and a highly competitive economy.

A brighter outlook is forecast for the Vietnamese economy this year and the following years amid difficulties and challenges, according to economic expert Nguyen Quynh Nga.

The Trans-Pacific Partnership (TPP) agreement, which is awaiting ratification by 12 member countries, will have a substantial impact on the Vietnamese economy once it is implemented.

The Vietnamese economy is projected to continue recovery in the four remaining months of the year, bolstered by Government efforts to maintain macro-economic stability.