Vietnam’s Economy To Expand Seven Percent This Year: Trade Minister

Vietnam’s Economy To Expand Seven Percent This Year: Trade Minister

HANOI, Jul 9 (NNN-VNA) – Vietnam’s economy could beat all the forecasts, to expand at seven percent for the full year, with a growth rate of 7.4 and 7.6 percent, in the last two quarters, respectively, said the country’s Ministry of Planning and Investment.

Providing updates for economic growth scenarios in the second half of this year, the ministry opted for the second scenario on the positive growth of economic sectors, more rapid recovery of private investment, and state-owned enterprises, positive growth momentum of foreign direct investment, robust export, improving tourism and consumption and new policies, it was reported, yesterday.

Minister of Planning and Investment, Nguyen Chi Dung, said, if the growth momentum was maintained, the Vietnamese economy could fulfil or even exceed the National Assembly’s target of 6.5 percent.

Vietnam’s economy grew at 6.42 percent in the first half of this year, according to the General Statistics Office.– NNN-VNA  

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