MrThanh called for joint efforts to achieve higher economic growth as last year’s growth economic efficiency and incremental capital output ratio (ICOR) were still low. Level of growthDespite such difficulties, there are bright prospects for Vietnam’s economic growth in 2018 thanks to leverage for growth of 2017, especially from the private and FDI sectors. Although Vietnam’s economy sees the auspices of further growth in 2018, economists suggest that the growth target of 6.5%-6.7% this year is feasible. The WB, ADB, and Standard Chartered Bank have recently given forecasts with very positive figures for Vietnam’s GDP growth in 2018 at 6.5%, 6.7%, and 6.8%, respectively. The recent message by the Government has shown its determination to achieve a GDP growth rate of 6.7% this year.

Source: VietNamNet News March 11, 2018 03:11 UTC