Achievements in macro-economy lay foundation for 2016

Fastest growth was seen in the industrial and construction sectors. According to experts, these results are thanks to the government’s efforts to reform a number of critical 3 major activities were implemented in 2015: administrative reform, implemented since 2013; macro-economic stabilization; and international integration. In 2015, these three activities proved to be effective, boosting GDP growth to its highest in 7 years.

According to the General Statistics Office, investment activity totaled 60.8 billion USD, up 12% compared with last year. Investment was mostly from FDI enterprises and the private sector, at 20% and 13% growth respectively. Overall, positive results of last year continue to create momentum for 2016.

FDI accounts for nearly 50% of GDP growth. Interest rates did not increase much, but still increased at the end of 2015. Agriculture is becoming weaker. This poses a huge problem for domestic enterprises, especially with regard to the ASEAN Economic The State Budget is an issue. Allocation is not effective.

The government spends more than it takes in, so we have to take out a loan to make up for the deficit. More demand for loans makes interest rates rise. But there is also a need to stabilize rates.

According to experts, Vietnam needs to carry out further reforms at deeper and more feasible levels to improve the business environment and help small- and medium-sized enterprises become more competitive.