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ASEAN+3 to achieve 5.4% growth

by VTV427 May 2018 Last updated at 08:58 AM

VTV.vn - ASEAN+3, which is composed of the 10 ASEAN countries plus Japan, South Korea and China, is witnessing robust economic growth.

It's expected to grow by 5.4% this year and by 5.2% next year. This statement was made during a conference on Friday that was organized by the Ministry of Finance and the ASEAN+3 Macroeconomic Research Office.

Experts at the event also said Vietnam has positive short-term economic growth prospect. The conference also discussed challenges faced by ASEAN+3 such as the global financial situation and escalating tensions in global trade relations. In order to overcome these challenges, the ASEAN+3 Macroeconomic Research Office recommended that countries switch from export-oriented production to technology-based growth models.

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