The Vietnam Annual Economic Report 2017 has provided two scenarios for Vietnam’s macro economy in 2017, with inflation rate to be cut to 2.35 percent and economic growth unlikely to achieve the set target of 6.37 percent.
Dr. Nguyen Duc Thanh, Director of the Vietnam Centre for Economic and Policy Research, introduces the main content of the annual economic report (Source: VNA)
Hanoi (VNA) – The Vietnam Annual Economic Report 2017 has provided twoscenarios for Vietnam’s macro economy in 2017, with inflation rate to be cut to2.35 percent and economic growth unlikely to achieve the set target of 6.37percent.
The report was launched in Hanoi on June16 at a workshop co-organised by the VietnamCentre for Economic and Policy Research (VEPR) under the University ofEconomics and Business of the Vietnam National University,Hanoi and the Friedrich Nauman Foundation (NFN) in Vietnam.
The report also gave an overview of the globaleconomy and Vietnam’s annual macroeconomic issues, and policy implications.
Speaking at the workshop, NFN Director Ruediger Vincent Graichen said that the reportwill actively contribute to Vietnam’s policy making process and encouragingdebate on major development issues that the national economy is facing.
Dr. Nguyen Duc Thanh, Director of the VEPR, said the report was built in thecontext of economic growth slowdown and slow improvement of economicproductivity.
A resolution adopted at the 12th Party Central Committee’s fifthplenum in May sets a target of promoting institutional reform, improving businessclimate and creating favourable conditions for businesses, especially privateones, while investors are keeping close watch on Vietnam’s determination andability to build an incorruptible and transparent Government in service ofpeople, he said.
According to statistics from the VEPR, Vietnam’seconomic growth in 2016 was not as high as expected, reaching only 6.21percent. The inflation rate rose again, at 2.66 percent, due to increased pricesof public services and recovered goods prices in the global market.
The processing and manufacturing industry remained the main growth motivationwith an expansion of 11.9 percent.-VNA
IMF Resident Representative in Vietnam Sanjay Kalra has applauded on the Government’s success in stabilising the macroeconomy, curbing with the inflation rate and accelerating the export turnover.
He stressed the point in an exclusive interview with the Vietnam Government Portal on the occasion that Prime Minister Nguyen Tan Dung presented a report on the socio-economic situation in 2013, results of the first three-year implementation of the five-year plan in 2011-2015 and the tasks for 2014-2015 at the 6th session of the 13th National Assembly.
Vietnam has emerged from a backward country with 90 percent of its population working in the agricultural sector, to one that is well on its way towardsindustrialisation and modernisation.
Prime Minister Nguyen Xuan Phuc has urged Cabinet members to show greater resolve in the management work against a background of socio-economic difficulties.
The flexible implementation of monetary policy from the State Bank of Vietnam (SBV) contributed to stabilising the financial market from the beginning of this year.
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The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Dr. Nguyen Duc Thanh, Director of the Vietnam Centre for Economic and Policy Research, introduces the main content of the annual economic report (Source: VNA) 
