Vietnam’s economy 2015 - 2016: Stable and growing in economic integration

Abstract

In 2015, Vietnam obtained stimulating achievements. The macroeconomy was stable and steady with economic and CPI growth of 6.58% and 0.63% respectively; financial markets had encouraging changes; difficulties in manufacturing and trading showed sign of abating; import – export reached double-digit growth rate. Results from the restructuring process of state-owned enterprises gave positive signal of a success outcome. These are impetus for the 2016 economic growth.

Targets of 2016 are to keep the macro economy stabilized, reach the GDP growth rate of 6.7%, improve growth quality and towards a sustainable development. It is also necessary to create favorable conditions for enterprises, uniformly and effectively implement administration reforms, actively integrate into international trade under trade agreements such as FTA, AEC, TPP.

To achieve 2016 economic targets, it is of importance to rigorously implement policies, system innovations and creativity, nation-wide and industry-wide scientific and technology development so as to create breakthrough results in the transition of structure and economic growth.