Vietnam’s 2018 economic growth forecast at 6.65%

Vietnam’s economy is predicted to grow over 6 and a half percent in 2018, according to the Vietnam Institute of Economic and Policy Research (VEPR).

The institution said that 2017 was a successful year for Vietnam as all 13 socio-economic goals were met and GDP grew 6.81%, higher than the 6.7% target. Inflation was kept under control, reflecting the country’s flexible and cautious monetary policy.

The VEPR said that continued institutional reform to improve the investment climate will significantly facilitate business activities. It suggested that the Government cuts the number of state employees and spending for organizations, restructure its apparatus, and divest from state-owned enterprises.

Source: VOV5