If there are no major fluctuations, the General Statistics Office (GSO) predicts that Việt Nam is likely to reach its 2024 annual growth target, estimated between 6 and 6.5 per cent.
Việt Nam’s 2024 economic growth target of 6.5 per cent is challenging, with weak consumption demand and exchange rate risks, so signals a pressing need for hastening energy transition towards a green economy
Deputy Minister of Planning and Investment Trần Quốc Phương spoke to Vietnam News Agency about solutions that are implemented until the end of the year to reach the economic growth target.
The State Bank of Viet Nam (SBV) is expected to further take monetary easing measures to support the country’s GDP growth target of above 5 per cent this year in light of a weak economic outlook, experts forecast.
The Government has set a Gross Domestic Product (GDP) growth target of 6.7 per cent for 2017, which General Statistics Office General Director Nguyen Bich Lam, said is quite achievable.
The Government has mapped out several short-term solutions to achieve the year''s growth target of 6.7 per cent. Let’s see whether they suit the long-term plans, targets and directions that Viet Nam wants to follow to ensure sustainable, inclusive growth.
Cabinet members sought ways to achieve an economic growth target of
6.3-6.5 per cent in 2016 during the second working day of the
Government''s monthly meeting in Ha Noi on October 4.
The Government should not adjust the economic growth target of 6.7 per
cent even though it is unlikely to meet it this year, experts said
during a conference in Ha Noi yesterday.
The Government has set an economic growth target of 6.7 per cent for 2016, which HSBC, in its latest Vietnam at a Glance report, believes is feasible since export growth has rebounded to double digits reflecting new investment.
The country''s economic growth will improve in the next quarter and the
5.8 per cent GDP growth target will likely be met thanks to the
Government''s measures to increase aggregate demand, according to the
National Financial Supervisory Committee.
Viet Nam plans to cautiously expand credit growth to 12-14 per cent in a
bid to facilitate companies, boost the national economic revival and
tackle inflation.
The State Bank of Viet Nam has deflated banks'' hopes of achieving the
credit growth target by lending at low rates to prime customers, warning
it will penalise those lending at below deposit interest rates.