Open AccessVietnam’s economy in 2017 - 2018: Growth on an efficient and sustainable foundation
Author(s) -
Nguyen Van Luan
Publication year - 2018
Publication title -
khoa học và công nghệ: kinh tế - luật - quản lý
Language(s) - English
Resource type - Journals
ISSN - 2588-1051
DOI - 10.32508/stdjelm.v2i1.496
Subject(s) - restructuring , economics , sustainable growth rate , real gross domestic product , foreign direct investment , economic restructuring , debt , investment (military) , deficit spending , government (linguistics) , sustainability , sustainable development , economic policy , economy , monetary economics , macroeconomics , finance , linguistics , philosophy , politics , biology , political science , law , ecology
2017 is the first time after many years that Vietnam met and exceeded 13 social-economic indicators. Vietnam’s economy experienced a high economic growth rate, stable and sustainable macroeconomic environment. GDP growth is 6.81% (target 6.7%), CPI 3.53% (target (4%), credit growth 18,1%, and FDI of 36 billion USD. Import-export turnovers remain a significant achievement and has been maintained at a high level. Early results from restructuring of state-own enterprises signal a successful restructuring. These positive indicators provide impetus for the Vietnam’s economy in 2018. The targets in 2018 include maintaining a stable macro-economic environment, achieving a 6.7% GDP growth, focusing on growth quality and sustainability, 4% CPI, 3.7% state budget deficit, 63.9% public debt, 8-10% increase in export turnover against 2017, less than 3% trade deficit and a ratio of government investment to GDP at 34%. To successfully achieve 2018 economic indicators, it is necessary to strongly apply policies and solutions for a creative and innovative system, develop science and technology nationwide and in every industry. This is to create breakthrough for the changes of the structure and growth model.