Vietnam strives for economic growth of 6.7 pct this year

BY  | FROM  | 2018-05-21 14:18

Vietnam is taking synchronous measures to achieving the targets of posting gross domestic product (GDP) growth of over 6.7 percent and curbing inflation rate at around 4 percent this year, according to a government report presented on Monday.

The report was presented by Vietnamese Deputy prime Minister Truong Hoa Binh at the 5th session of the 14th-tenure National Assembly of Vietnam, the country's top legislature, which opened Monday.

Vietnam will this year lower interest rates, stabilize the foreign currency market and increase its foreign currency reserves, Binh said, adding that state budget deficit will be kept lower than 3.7 percent of GDP.

The country is now paying more attention to private investment, especially that in infrastructure development projects.

The Vietnamese economy grew by 7.38 percent in the first quarter of this year, up from 5.48 percent in the same period last year. In the first four months of this year, export turnovers climbed 19 percent on-year, leaving a trade surplus of 3.4 billion U.S. dollars.

During its 5th session, scheduled to conclude on June 14, the top legislature is expected to pass eight draft laws and one draft resolution, and discuss eight other bills.

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