Vietnam to achieve GDP of 7% in 2019
(VOVWORLD) - Vietnam is expected to achieve a GDP growth rate of 6.9% to 7% this year, the highest in 10 years, despite a low global economic growth and global trade. The information was shared at a workshop on an Overview of the Vietnam Financial Market 2018 in Hanoi on Thursday.
 Photo: thoibaotaichinhvietnam.vn |
According to workshop participants, Vietnam’s macro economy continues to be stable and inflation has been kept below 3.6%. Acting President of the National Financial Supervision Committee Truong Van Phuoc said: “Vietnam’s financial market has been restored dramatically. Total assets of the banking system has increased to 14 million billion VND. The capital market has grown remarkably. The results are attributed to the NA resolution 42 which provides conditions for the banks to deal with bad debts.”
Experts forecast that Vietnam’s economy will grow 7% next year but institutional reforms and market improvements are needed.