Vietnam's mid-term economic prospects remain positive

by VTV414 July 2017 Last updated at 08:16 AM

VTV.vn - World Bank in Vietnam Acting Country Director Sebastian Eckardt said Vietnam’s medium-term economic outlook remains positive at a press conference on Thursday in Hanoi.

He said Vietnam’s GDP is projected to reach 6.3% this year and 6.4% during the 2018-2019 period.  The World Bank’s latest report on the Vietnamese economy identified the country’s fundamental driving forces for growth, including domestic demand and manufacturing industry. The World Bank Acting Director said Vietnam should be more prudent in macroeconomic governance while the budget deficit should be contained given risks in budget stability. Vietnam still faces long-term challenges of maintaining a high growth rate and achieving sustainable poverty reduction.

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