Big challenges face Vietnam's economyLocal economists forecast that the Vietnamese economy will face greater challenges in 2017 amidst global geopolitical changes and financial uncertainties. Speaking with DTiNews, Dr. Nguyen Tri Hieu said that Vietnam has set a GDP growth target of 6.7% and inflation rate of 4% for 2017, which is a big challenge as the country wants to both curb inflation while boosting GDP growth. “The two goals of GDP growth and inflation control often do not support each other. Aiming for higher economic growth means that the country has to accept higher inflate rate,” Hieu added. According to Dr. Hieu, the Vietnamese dong will continue falling against the US dollar if the Federal Reserve further lifts interest rates.

Source: VietNamNet News February 01, 2017 06:11 UTC