Export – a bright spot of economic panorama

Vietnam’s export-import exceeded 420 billion USD for the first time in 2017, of which export recorded the highest growth of 21.1 percent over the past seven years with 29 commodities joining the one billion USD club.

Non-observed economy to be measured in 2018

A statistical project on measuring the non-observed economy, including underground and illegal economies, will be proposed to the Prime Minister for approval this year, said head of the Vietnam General Statistics Office Nguyen Bich Lam.

Industrial production motive for industrial growth: minister

Strong growth in industrial production was the main motive for industrial expansion in 2017, Minister of Industry and Trade Tran Tuan Anh said at a conference in Hanoi on January 15.

Vietnam’s public debt stands at 61.3% in 2017

Vietnam’s ratio of public debt to GDP stood at 61.3% at the end of 2017, lower than an earlier estimate of 62.6%, according to the Ministry of Finance.

Budget deficit target set at 3.7% of GDP

The Ministry of Finance (MoF) expects to keep this year’s State Budget deficit at 3.7 per cent of the GDP, below the 3.9 per cent mandated by the National Assembly.

Gov’t targets 6.7% 2018 GDP growth

Following impressive GDP growth of 6.81 per cent in 2017, the government has released a set of measures and priorities to achieve socio-economic development targets in 2018.

Economists fear big money supply may lead to high bad-debt ratio

To obtain a 20 percent credit growth rate this year, total outstanding loans will have to increase by VND1,200 trillion. In the last five last months of the year, VND700 trillion is expected to be pumped into circulation.
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