NA Economic Committee forecasts 5.71 percent GDP growth in 2014

The National Assembly’s Economic Committee expects the country’s Gross Domestic Product will grow 5.71 percent in 2014 and 5.98 percent in 2015.

Inflation rate might be curbed below 7 percent this year. Exchange rate will be stable and VND devaluation will not exceed 2 percent.

The committee recently announced the above estimates on a macroeconomics bulletin.

Unemployment rate is on decreased especially in urban areas. The unemployment rate among people of working ages in urban areas is expected to drop to 3.34 percent in 2014 and 3.06 percent in 2015.
The macro economy is basically stable with reasonable economic growth rate, under-control bad debts and low inflation rate which is expected to further reduce, according to the bulletin.

By Anh Phuong – Translated by Hai Mien

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