The Department of Analysis and Forecast under the National Centre forSocio – Economic Information and Forecast projected the nation'seconomic growth this year would reach 6.48 percent.
This projection was higher than the Government's target set at 6.2 percent this year.
Thedepartment said that the domestic economy was showing signs ofrecovery, along with the recovery of the world economy, adding thatgrowth rates were forecast to rise higher than the previous year.
Growth would be fuelled by low commodity prices, foreign direct investment and demands from abroad, the department said.
Theconstruction and industry sector, especially processing andmanufacturing industries, would lead the nation's overall growth, whilethe service sector was forecast to post moderate growth.
However,the department noted that agricultural, forestry and fishery sectorswere anticipated to face many difficulties as growth rates slow.
Meanwhile,the consumer price index was projected to increase 1.7 percent thisyear, as crude oil prices were expected to recover in the world market.
Thecentre forecast that Vietnam would run a trade deficit of some 8.77billion USD this year, with an export turnover expected at 165 billionUSD and import turnover at 174 billion USD.
Further, creditgrowth in 2015 was forecast between 13 to 15 percent, 1 percentage pointhigher than last year. However, difficulties would continue forbusinesses.-VNA
This projection was higher than the Government's target set at 6.2 percent this year.
Thedepartment said that the domestic economy was showing signs ofrecovery, along with the recovery of the world economy, adding thatgrowth rates were forecast to rise higher than the previous year.
Growth would be fuelled by low commodity prices, foreign direct investment and demands from abroad, the department said.
Theconstruction and industry sector, especially processing andmanufacturing industries, would lead the nation's overall growth, whilethe service sector was forecast to post moderate growth.
However,the department noted that agricultural, forestry and fishery sectorswere anticipated to face many difficulties as growth rates slow.
Meanwhile,the consumer price index was projected to increase 1.7 percent thisyear, as crude oil prices were expected to recover in the world market.
Thecentre forecast that Vietnam would run a trade deficit of some 8.77billion USD this year, with an export turnover expected at 165 billionUSD and import turnover at 174 billion USD.
Further, creditgrowth in 2015 was forecast between 13 to 15 percent, 1 percentage pointhigher than last year. However, difficulties would continue forbusinesses.-VNA
