Gdp growth

Moody’s Investors Service has predicted that Viet Nam’s GDP (gross domestic product) growth will remain robust, averaging 6.7 per cent in 2018. This is nearly twice as high as the average for B-rated sovereigns of 3.6 per cent, according to Moody’s credit analysis, titled “Government of Vietnam--B1 positive”, released on Tuesday. Moody’s credit analysis examines the sovereign in four categories: economic strength, which has been assessed as “high (-)”; institutional strength, “low (+)”; fiscal strength, “moderate (-)” and susceptibility to event risk, “high (-)”. In its report, the rating agency said the growth was supported by domestic consumption and strong investment growth on the back of development spending on public sector infrastructure. Moody’s said the Government’s credit profile reflected the economy’s robust growth trends. These trends are spurred in turn by the … [Read more...] about Moody’s predicts average 2018 GDP growth at 6.7%

People shop at a night market in Hang Dao Street, Hoan Kiem District in Ha Noi. Viet Nam gained decade-high GDP growth of 7.38 per cent in the first quarter of this year. — VNA/VNS Photo Vu Sinh The decade-high GDP growth of 7.38 per cent achieved in the first quarter may not be easy to replicate for the rest of the year. The government, however, will strive towards a year-on-year growth rate of 6.7 per cent. Prime Minister Nguyen Xuan Phuc said this during the monthly government meeting on Monday in Ha Noi. He asked the Cabinet to “contribute constructively” to the 2018 economic growth scenario to achieve this target, which is higher than the 6.5 per cent growth rate set by the National Assembly last year. The morning session was also amongst the rare ones, with socio-economic affairs, especially the development of growth scenarios, were discussed first instead of the usual law issues. In his opening speech, Phuc also lauded the growth of several sectors in the … [Read more...] about Aim for GDP growth of 6.7%: Government