Government projects GDP growth of 6.7 percent in 2017

According to the government’s report, the macro-economy has been stabilised while inflation remains below 4 percent. The gross domestic product (GDP) is estimated at 5,000 trillion VND or nearly 225 billion USD. The majority of NA Standing Committee members shared the Government’s view that most major socio-economic development targets would be achieved this year, noting that the economy remains stable and the environment for business and production continues to improve. The report shows that the industrial, construction, and service sector grew 7.6%; agriculture, forestry and fishery increased 2.9%, exports rose 14%, and budget collection is up 15%. It is the first year that all 13 socio-economic criteria would be met or surpassed. National Assembly Chairwoman Nguyen Thi Kim Ngan said: “The Government has been resolute and implemented several measures to address issues both pending from previous years and that have arisen this year. We praise the government’s efforts which make the target GDP growth rate of 6.7% possible.”