Effective solutions taken to realize target growth of 6.7%
(VOVWORLD) - Vietnam achieved a GDP growth rate of 7.08% in the first half of this year, the highest since 2011.
Analysts say Vietnam’s growth in the second half of the year will likely be lower due to several challenges and an increasing trade war between the US and China. To achieve the target growth rate of 6.7% this year, a number of solutions have been introduced. Doctor Nguyen Minh Phong said: “First of all, we need to effectively rein in inflation by controlling prices of public services like electricity and health care as well as tuition fees, otherwise inflation will rise. Secondly, we need to make good forecasts on market developments, work out scenarios for fluctuating oil prices, and control monetary inflation and information. In the mean time, we need to strengthen public investment to drive the economic growth.”