“Vietnam's new leadership refrained from lowering the 6.7 percent 2016 GDP target in the face of the soft first quarter GDP numbers. “But it is very difficult to have 6.7 percent.”Missing the economic growth target will affect the government’s efforts to reduce overspending and public debt, he added. Photo: Hua Xuyen Huynh/Thanh NienA slowdown in the first six months means it will be unlikely for Vietnam to achieve the economic growth target of 6.7 percent this year, a senior legislator has said. The first half’s GDP numbers confirm our view that the target will be very difficult to achieve,” it said. The bank also expected foreign direct to drive further gains in Vietnam's global export market share, allowing shipments to continue growing at a high-single digit pace even as global demand slows.

Source: Thanhnien News July 13, 2016 01:41 UTC