GDP growth rate to reach a 10 year record high

by VTV420 December 2018 Last updated at 15:24 PM

VTV.vn - At its meeting this morning, the National Financial Supervisory Commission reported that GDP of Vietnam this year will rise between 6.9% and 7%, which is the higest rate in the past decade.

The main economic drive this year is still manufacturing and processing industries and services, however the contribution of these sectors slightly decreased compared to 2017. Agriculture saw a higher growth rate. Inflation's average rate of the year is estimated at 3.6%, higher than last year due to the higher prices of goods around the world affecting food prices. Health service fees dropped, prices of accommodation and construction materials climbed slowly, and credit was better controlled so the inflation rate was kept within the designated goal.

Higher expense of manufacturing will create pressure on the economy in 2019. The commission also stated that despite pressures from world trade changes, the stock market capitalization to GDP reached 75% from last year's 70.2%, and the foreign sector was the net buyer with a net buy value of nearly 1.9 billion US dollars.

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