Vietnam’s GDP projected to grow 7 percent in 2018Vietnam’s economy could grow by 7.02 percent in 2018 under a high growth rate scenario, according to the National Center for Socio-Economic Information and Forecast (NCIF). Vietnam’s economy could grow by 7.02 percent in 2018 - Illustrative imageThe NCIF predicted two economic development scenarios for Vietnam’s economy this year, including a basic scenario marked by a medium growth rate and a high economic growth rate scenario. This economic model could see more restructure, but the capital and exports are expected to remain the backbone of economic development. Under this scenario, the economy could grow by 7.02 percent in 2018, with average inflation at 4.8 percent. The NCIF also projected 2018 will be the year that Vietnam’s enterprises are able to integrate further into the regional and world markets.

Source: VietNamNet News May 24, 2018 04:29 UTC