VEPR forecasts Vietnam's growth at 6.64%

by VTV413 October 2017 Last updated at 15:00 PM

VTV.vn - The Vietnam Institute for Economic and Policy Research (VEPR) has revised the 2017 growth forecast for Vietnam to 6.64% from its previous projection of 6.37%.

Official data released by the GSO showed that Vietnam's total growth rate in 9 months hit 6.41%. In particular, the service sector increased by 7.25%, while manufacturing continued to grow strongly, expanding by a record high of 12.77% in the last five years. With government overspending under control, total investment increasing and interest rate stabilising, the growth rate in the 4th quarter is forecast at 7.12%, resulting in a 6.64% development for the whole year.

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