Vietnam’s economy in 2017 - 2018: Growth on an efficient and sustainable foundation

Abstract

2017 is the first time after many years that
Vietnam met and exceeded 13 social-economic
indicators. Vietnam’s economy experienced a high
economic growth rate, stable and sustainable macroeconomic
environment. GDP growth is 6.81% (target
6.7%), CPI 3.53% (target (4%), credit growth
18,1%, and FDI of 36 billion USD. Import-export
turnovers remain a significant achievement and has
been maintained at a high level. Early results from
restructuring of state-own enterprises signal a
successful restructuring. These positive indicators
provide impetus for the Vietnam’s economy in 2018.
The targets in 2018 include maintaining a stable
macro-economic environment, achieving a 6.7%
GDP growth, focusing on growth quality and
sustainability, 4% CPI, 3.7% state budget deficit,
63.9% public debt, 8-10% increase in export
turnover against 2017, less than 3% trade deficit and
a ratio of government investment to GDP at 34%.
To successfully achieve 2018 economic indicators, it
is necessary to strongly apply policies and solutions
for a creative and innovative system, develop science
and technology nationwide and in every industry.
This is to create breakthrough for the changes of the
structure and growth model.