MPI estimates GDP lower than its low growth scenario - News Summed Up

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MPI estimates GDP lower than its low growth scenario


The Ministry of Planning and Investment (MPI) lowered its estimate for Việt Nam’s GDP growth to 6.58 per cent in the first quarter of this year.— Photo vietnamnet.vnHÀ NỘI — The Ministry of Planning and Investment (MPI) lowered its estimate for Việt Nam’s GDP growth to 6.58 per cent in the first quarter of this year. According to a report on the implementation of Government Resolution 1 and the socio-economic situation in the first two months of the year, the rate was below the level of the low growth scenario forecast in November last year. "To achieve the economic growth rate at the proposed low growth scenario, ministries, sectors and localities must make their utmost efforts and take advantage of every opportunity in the country and abroad,” the MPI said. According to the MPI, Việt Nam’s economy would continue to face many difficulties and challenges, including the risk of countries avoiding goods originating in Việt Nam. In a report issued by Việt Dragon Securities Corporation (VDSC), GDP growth in Q1 was forecast to be lower than the same period last year.


Source: Viet Nam News March 11, 2019 01:52 UTC



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