Vietnam sees encouraging socio-economic progress in H1

(VOVWORLD) - Vietnam recorded progress in all fields and an overall GDP growth of 7.08% in the first half of this year, said Prime Minister Nguyen Xuan Phuc at a national teleconference on Monday.

PM Nguyen Xuan Phuc delivers a speech at the national teleconference on July 2, 2018. (Photo: Thong Nhat/VNA)

Mr. Phuc highlighted 18 issues to be tackled this year, including inflation control, macro-economic stability, development of the support industry and the private economy, administrative procedure reform, improvement of the business and investment environment, and social welfare.

“The World Bank predicts that Vietnam’s economy will grow 6.8% and inflation will be kept at 4%. Fitch Ratings called Vietnam the fastest growing economy in Asia-Pacific. But we must be determined to reform management to continue our success,” said Mr. Phuc.

PM Phuc said social order and security are prerequisites for investment and socio-economic development.

He called for growth of 6.53% in the third quarter and 6.36% in the fourth quarter of this year in order to fulfill the year’s growth target of 6.7%.