Illustrative image (Photo: VNA) Hanoi (VNA) – Experts from the Vietnam Institutefor Economic and Policy Research (VEPR) have forecast that economic growth willreach 7.26 percent for the fourth quarter and 7.05 percent for 2019, comparedto 6.6 – 6.8 percent as assigned by the National Assembly.
During a conference on October 10 to announce the macro-economicreport, the VEPR reviewed the second-quarter macro-economic performance andquoted statistics from the General Statistics Office as saying that theVietnamese economy grew by 7.31 percent in the third quarter.
Economist Can Van Luc highlighted bright spots in exports,improved competitiveness and lesser reliance on banking credit.
According to Luc, credit contributed to 57 percent of thetotal social investment during the 2016 – 2017 period, which was reduced toabout 46 percent in 2018 and in the first nine months of 2019, proving thatprivate capital and foreign direct investment have become stronger and moreeffective.
Associate Professor Pham The Anh said industry andconstruction led the country’s economic growth, which was partly attributableto the growth of the mining sector, especially coal mining.
The Purchasing Managers’ Index ended at 50.5 point in lateSeptember, the lowest in the recent two years, he said.
He predicted that the Vietnamese economy will become lesscertain later this year due to the impacts of external shocks in the world./.
During a conference on October 10 to announce the macro-economicreport, the VEPR reviewed the second-quarter macro-economic performance andquoted statistics from the General Statistics Office as saying that theVietnamese economy grew by 7.31 percent in the third quarter.
Economist Can Van Luc highlighted bright spots in exports,improved competitiveness and lesser reliance on banking credit.
According to Luc, credit contributed to 57 percent of thetotal social investment during the 2016 – 2017 period, which was reduced toabout 46 percent in 2018 and in the first nine months of 2019, proving thatprivate capital and foreign direct investment have become stronger and moreeffective.
Associate Professor Pham The Anh said industry andconstruction led the country’s economic growth, which was partly attributableto the growth of the mining sector, especially coal mining.
The Purchasing Managers’ Index ended at 50.5 point in lateSeptember, the lowest in the recent two years, he said.
He predicted that the Vietnamese economy will become lesscertain later this year due to the impacts of external shocks in the world./.
VNA
