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Vietnam Annual Economic Report published

by VTV411 May 2016 Last updated at 11:16 AM

VTV.vn - The Vietnam Annual Economic Report 2016 was published on Tuesday by the Vietnam National University of Hanoi and the Australian Embassy.

The eighth publication shows that domestic and international developments are posing a lot of problems to Vietnam, although the domestic economy shows signs of stability.

The report envisages a 6% growth rate for the Vietnamese economy in 2016, while a more optimistic scenario puts economic growth at 6.5%. Therefore, researchers believe that the 6.7% set target by the National Assembly may be hard to be reached.

Meanwhile, predictions for this year’s inflation range from 4.2 -5%.

Experts reveal that new approaches to macro-economic policies, administrative reforms and internal connectivity will be the main momentum for the country’s medium and long term economic development and mean Vietnam would avoid the middle-income trap. They also suggest Vietnam to invest more in infrastructure in connections with neighbouring countries and diversify its foreign investors.

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