Vietnam sees 6.3 percent of economic growth in 2017

According to the International Monetary Fund (IMF), the economic growth of Vietnam is predicted to reach 6.3 percent and the inflation is forecast to be around 5 percent in 2017.

Vietnam economic growth is expected to reach by 6.3 percent in 2017 (Photo:SGGP)

Vietnam economic growth is expected to reach by 6.3 percent in 2017 (Photo:SGGP)

The institution highly appreciated Vietnam’s efforts in strong economic development in combination with low inflation; promoting important reforms to boost private sectors, enhance public finance and reduce poverty. 
However, IMF said that the short-term economic outlook would be positive, but the risk of high public debt processing and long-term bad debt still appeared while the global financial condition required more detail and stability as well as the shocks from external demands. 
The IMF’s experts said that the monetary policies of Vietnam should be maintained but the policy makers should pay attention to the signal of basic inflation increase, rapid credit growth to improve effectiveness of the credit in growth support.
IMF also suggested that the South-East Asian country should modernize monetary policies administration, including flexibility of money exchange rate and  inflation limitation, to adapt with the global economic uncertainty. 

BY HAM YEN – Translated by Huyen Huong

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