Vietnam Annual Economic Report published

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.