Vietnam Economy 2016 - 2017: Stable, new impetus for development

Abstract

In 2016, Vietnam still keeps a high economic growth and a stable macroeconomy as evidenced by a GDP of 6,21% and CPI of 4,74%; financial markets have stimulating changes while difficulties of enterprises showed signs of abatement. With a sustained high growth rate, import-export is supposed to be a highlight of the Vietnam economy. Results of the restructuring of state-owned companies have transmitted positive signals about its final phase. Those outcomes created impetus for the economic development in 2017. The targets for the Vietnam economy in 2017 is to achieve macroeconomic stability, an economic growth of 6,7% with an emphasis on development quality and sustainability. It is necessary to continue to create favorable conditions for businesses and put in place effective and uniform administrative reforms, proactively integrate with international trade under free trade agreements of FTA and AEC. To successfully achieve the above mentioned targets, the application of policies, solutions, innovative and creative system as well as science and technology in nationwide and within industries is of importance. This is to create turning-point results in the shifts of structure and growth model.