Optimistic forecasts on the progress of the Vietnamese economy in 2018



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Hanoi, July 18 (Prensa Latina) Several international financial organizations have predicted in recent days that the Vietnamese gross domestic product (GDP) will exceed 6.5%, in continuation of a trend that already dates back to the decade
Today, it is the turn of the British Standard Chartered Bank, which has revised upward its prediction of economic growth of the Indochinese nation from 6.8 to 7%, based on several factors.

Increase in foreign direct investment (FDI) in the country, mainly in the manufacturing sector.

Since Vietnam opened FDI 30 years ago, these have become the key to the national economy: since then, projects supporting foreign capital is about 26,000, with $ 326 billion.

FDI accounts for a quarter of national investments and contributes 20% of GDP. Last year, they contributed nearly $ 8 billion to the state budget, or 14.4% of total revenue.

Standard Chartered predicts that this year Vietnam will record a sizeable trade surplus thanks to increased exports of electronic products Yesterday, the International Monetary Fund predicted that Vietnam's GDP would increase by 6.6% this year thanks to macroeconomic and financial stability, government reforms and the recovery of the global economy [

]. 19659003] Its forecasts in this respect are slightly lower than the official forecasts which, for 2018, expect an increase of 6.7%. Those of Standard Chartered exceed them by three tenths.

In 2017, the Vietnamese economy grew by 6.81%, which extended a 10-year chain with an average rate above 6.5% over the last 10 years.

A few weeks ago, Prime Minister Nguyen Xuan Phuc called for greater efforts to achieve economic growth of 6.53 percent in the third quarter and 6.36 percent in the fourth quarter, to complement the aspiration is fulfilled, the Indochinese nation will justify that Fitch, the organization specializing in the clbadification of credibility, recently qualified it as the most dynamic economy of the Asia-Pacific region in recent times.

jf / asg

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