Cabinet discuss socio-economic performance

The cabinet discussed the recent fall in global oil prices and the Chinese yuan’s devaluation, which are having an impact on the Vietnamese economy. However, counter measures and co-ordination among ministries and agencies have been taken so as to minimise the adverse impact.

The country’s socio-economic development in the first 8 months and future prospects for the whole year were also discussed.

As estimated, GDP growth will top 6.4%, up from a previously predicted 6.2%. Export growth will increase by 10%, while inflation rate will be curved by half compared to earlier estimates.