Vietnam determined to stabilize the macro economy
(VOVworld) – The 2015 Vietnam Business Forum opened in Hanoi on Tuesday to discuss increasing the competitiveness of Vietnamese businesses for international integration.
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Deputy Prime Minister Vu Van Ninh said despite this year’s global economic fluctuations Vietnam was able to stabilize its macro economy, control inflation, and achieve an economic growth rate of 6% by October. Vietnam’s economic growth rate in 2015 is expected to be 6.2-6.5%. Next year Vietnam will continue to focus on stabilizing the macro economy, achieving higher growth, restructuring the economy, and changing its growth model. Vietnam’s imminent signing of the TPP, the EU-Vietnam free trade agreement, and the Eurasian Economic Union-Vietnam free trade agreement will create new momentum for Vietnam’s economic growth and business development. Deputy Prime Minister Vu Van Ninh said: “The Vietnamese government wants Vietnamese businesses at home and abroad to restructure themselves, renew their governance, and improve their competitiveness to secure a firm foothold in the domestic market and expand their markets overseas. The government will help remove obstacles to ensure their legitimate interests.”