In a recent report, the International Monetary Fund (IMF) projected Viet Nam’s economy to grow by 6.6 per cent this year and by 6.5 per cent in 2019. Containers at the Tan Vu terminal of Hai Phong port. - Photo VNA Titled “World Economic Outlook, April 2018”, the report predicts that the GDP (gross domestic product) growth of emerging Southeast Asian economies, such as Indonesia, Malaysia, the Philippines, Thailand and Viet Nam, will remain above 5 per cent in 2018 and 2019. Last year, despite many difficulties, Viet Nam’s GDP expanded by 6.81 per cent, higher than the target set by the National Assembly and the highest in the last decade. The quality of the country’s economic growth has also improved, with the overall labour productivity gaining some 6 per cent in 2017. Viet Nam also saw progress in pursuing a new growth model based on productivity and innovation. The country has gradually reduced its reliance on natural resources, particularly … [Read more...] about IMF projects Viet Nam’s GDP growth by 6.6pc
Imf
IMF projects Việt Nam’s GDP growth by 6.6%
In a recent report, the International Monetary Fund (IMF) projected Viet Nam’s economy to grow by 6.6 per cent this year and by 6.5 per cent in 2019. Titled “World Economic Outlook, April 2018”, the report predicts that the GDP (gross domestic product) growth of emerging Southeast Asian economies, such as Indonesia, Malaysia, the Philippines, Thailand and Viet Nam, will remain above 5 per cent in 2018 and 2019. Last year, despite many difficulties, Viet Nam’s GDP expanded by 6.81 per cent, higher than the target set by the National Assembly and the highest in the last decade. The quality of the country’s economic growth has also improved, with the overall labour productivity gaining some 6 per cent in 2017. Viet Nam also saw progress in pursuing a new growth model based on productivity and innovation. The country has gradually reduced its reliance on natural resources, particularly crude oil, and shifted its focus to industry, manufacturing, processing and … [Read more...] about IMF projects Việt Nam’s GDP growth by 6.6%
IMF warns of risks as central banks tighten
The International Monetary Fund issues warnings about risky behaviour in global financial markets that could create problems as interest rates start to rise. (AFP/SAUL LOEB) The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame. But the IMF pointed to some fragilities in global finance after a lengthy period of easy money policies and low interest rates, including a flood of high-risk bonds, record-high debt levels and lofty prices for risky assets. If conditions change abruptly that could even derail the economic recovery, the fund warned. "Financial vulnerabilities, which have accumulated during years of extremely low rates and volatility, could make the road ahead bumpy and could put growth at risk," the IMF said in its Global Financial Stability Report, a twice-annual analysis that also called for global coordination to regulate cryptocurrencies. A sudden acceleration of … [Read more...] about IMF warns of risks as central banks tighten
IMF projects Vietnam’s GDP to grow by 6.6 percent in 2018
Containers at the Tan Vu terminal of Hai Phong port (Photo: VNA) Hanoi (VNA) – The International Monetary Fund (IMF) projected Vietnam’s economy to grow by 6.6 percent this year and 6.5 percent the following year in a recent report. The IMF released a report namely “World Economic Outlook, April 2018” in which it forecast the GDP growth of emerging Southeast Asian economies like Indonesia, Malaysia, the Philippines, Thailand and Vietnam will remain above 5 percent in 2018 and 2019. Last year, despite many difficulties, Vietnam’s GDP expanded by 6.81 percent, higher than the target set by the National Assembly and the highest over the last decade. In addition, the quality of Vietnam’s economic growth has also improved with the overall labour productivity gaining about 6 percent in 2017. Vietnam also saw progress in pursuing a new growth model based on productivity and innovation. The country has gradually reduced its reliance on natural … [Read more...] about IMF projects Vietnam’s GDP to grow by 6.6 percent in 2018
IMF sees emerging Asia as top global growth engine
The IMF said Tuesday it remains upbeat about the economic prospects of emerging Asia, labelling the region "the most important engine of globalgrowth" despite concerns over trade disputes and mounting debt. A farmer working in a paddy field in the outskirt of Hanoi - Photo by AFP The International Monetary Fund's latest quarterly World Economic Outlook forecasts global growth of 3.9 percent this year as the world economy hums along and nations retain supportive fiscal policies. The fastest-paced expansion will remain concentrated in Asia, it predicts, where the buoyant economies of China, India and a host of Southeast Asian nations will perform well above the global average. The IMF left unchanged from January its growth estimate for China of 6.6 percent for 2018 and 6.4 percent in 2019. The country's own 2018 target is around 6.5 percent. China reported Tuesday that its economy had grown 6.8 percent in the first quarter, maintaining the same pace as the fourth quarter. … [Read more...] about IMF sees emerging Asia as top global growth engine