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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.


 



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Article Details

Issue: Vol 2 No 1 (2018)
Page No.: 5-11
Published: Dec 28, 2018
Section: Review
DOI: https://doi.org/10.32508/stdjelm.v2i1.496

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Creative Commons License

Copyright: The Authors. This is an open access article distributed under the terms of the Creative Commons Attribution License CC-BY 4.0., which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

 How to Cite
Luan, N. V. (2018). Vietnam’s economy in 2017 - 2018: Growth on an efficient and sustainable foundation. Science & Technology Development Journal: Economics- Law & Management, 2(1), 5-11. https://doi.org/https://doi.org/10.32508/stdjelm.v2i1.496

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