Hanoi may not be able to fulfil six out of 22 targets of this year, including four economic targets, according to deputy head of the municipal Department of Planning and Investment Tran Ngoc Nam.
Vietnam’s gross domestic product (GDP) is expected to grow by 6.14 percent in the third quarter (Q3) of 2016, higher than the level of 5.52 percent in the first six months of this year.
The Government should not adjust the economic growth target of 6.7 percent even though it is unlikely to meet it this year, experts said during a conference in Hanoi on July 26.
Indonesia is lagging behind other countries in economic development because of its own wrong policies, not because it lacks capability or potential, Vice President M. Jusuf Kalla said.
Vietnam’s gross domestic product (GDP) growth is forecast to be robust in 2016 and 2017, possibly outperforming other countries in the region, according to international banks.
Gross domestic product (GDP) expanded by 5.46 percent in the first quarter, slower than the 6.12 percent during the same period last year, according to the General Statistics Office (GSO).
The Central Bank of Malaysia has forecasted the economy to falter in 2016, as the country has been navigating a challenging economic environment, driven by the global economic and financial situation.
Ho Chi Minh City expects its gross domestic product (GDP) growth rate at 9.8 percent in 2015, according to the municipal Department of Planning and Investment.
State Bank of Vietnam would further formulate policies to support efficient small- and medium-sized enterprises and those manufacturing and exporting products.
Economists have called for improving the business climate, fine-tuning market economy regulations and increasing dialogues with businesses in anticipation of the TPP reached on October 5.
Thailand’s National Economic and Social Development Board (NESDB) has lowered the country’s predicted economic growth rate for this year to 2.7-3.2 percent from the previous 3-4 percent.
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