Vietnam’s economy to grow from 6.6% to 6.8% in 2019: PM

(VOVWORLD) - Vietnam’s economy maintained growth across sectors in the first eight months of 2019 despite global economic challenges and escalating trade tensions, Prime Minister Nguyen Xuan Phuc said at a cabinet meeting in Hanoi on Wednesday.
Vietnam’s economy to grow from 6.6% to 6.8% in 2019: PM  - ảnh 1 Prime Minister Nguyen Xuan Phuc speaks at a cabinet meeting in Hanoi on September 4, 2019 (Photo: VNA)

PM Phuc said industry and agriculture recorded growth despite negative factors. The macroeconomy remained stable and inflation was curbed at 2.5 percent, the lowest level in the past three years, Mr. Phuc said. The currency exchange rate was stable, confirming confidence in the Vietnamese dong. Exports increased significantly and the trade surplus reached a record of more than 3.4 billion USD.

The protection of national territorial sovereignty saw some positive developments and Vietnam’s prestige reached new heights. Several world leaders visited Vietnam and praised Vietnam’s development and sense of global responsibility.   

The Prime Minister said Vietnam’s economy will grow from 6.6% to 6.8% in 2019 as planned. He elaborated on future tasks for ministries and sectors:“Many international researchers believe that driving forces for economic growth has gone to its limit after the first reform 30 years ago. We need to embark on the 2nd reform focusing on institutional renovation and economic policies to create new momentum for growth. We have advantages in social political stability and we should initiate favorable regulations to nurture competitiveness and attract resources at home and abroad for development.”

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