Vietnam's economy sees its growth of 6.6% in 2018, according to the IMF

Hanoi, (VNA) Vietnam's economy could grow
6.6% this year thanks to the reforms implemented, the increase
production, the recovery of the global economy and the Asian government's commitment to macroeconomic stability
financial, provided for the International Monetary Fund (IMF).

According to this financial organization, the upward trend in the price of global oil is putting pressure on compliance with the inflation target set for this year of four percent.

The IMF has estimated that if the current reforms are maintained, the pace of annual economic expansion
The Vietnam government should accelerate the solution of existing barriers to attract more investment and raise the
labor productivity, including focusing on improving infrastructure,
administrative procedures, the application of international standards
in the state management, transparency, and the quality of the database, suggested the same source.

At the regional level, the IMF predicts an average economic growth of 5.3 percent for five members of the Association of Southeast Asian Nations (ASEAN) who are Indonesia , Malaysia, the Philippines, Thailand and Vietnam, because of domestic demand as well
recovery of exports.

Meanwhile, global economic growth
reach 3.9 percent this year and it will remain similar in the future, believes the financial institution.

The expected growth figure of the United States is expected
United States remain at 2.9% this year, while those in the Union
The European Union, Japan and the United Kingdom are at 2.2%, 1% and 1.4%
respectively

on emerging economies and
Growth prospects face several challenges, due to the high price
oil, trade tensions and pressure on national currencies, the IMF said. -VNA