About 745.4 trillion VND (32 billion USD) was collected for the State budget in the first half of 2019, equivalent to 52.8 percent of the year’s target and up 13.2 percent year on year, according to the Ministry of Finance (MoF).
The Vietnam Institute for Economic and Policy Research (VEPR) has predicted Vietnam’s economic growth would accelerate in the third quarter and then reach 7.17 percent the last quarter to hit the Government’s target of 6.6 to 6.8 percent for the full year.
Economists have forecast that the Vietnamese economy could grow by 6.86 percent this year, higher than the 6.6 – 6.8 percent set by the National Assembly.
After recording its slowest pace in more than three year last month, Viet Nam’s inflation is forecast to hit only 2.7 per cent in 2019 after standing at 3.5 per cent last year.
Vietnam will strive for a GDP growth of around 6.8 percent in 2020, according to Directive 16/CT-TTg on the building of socio-economic development plans and State budget estimates for 2020.
Public debt indicators were under strict control and fell within the permissible limits set by the National Assembly’s Resolutions as of the end of 2018, according to the Finance Ministry.
After enjoying GDP growth of 7.08 percent in 2018, the country’s 2019 growth is forecast at 6.7 per cent, which would place it as the fastest growing Southeast Asian economy, according to a report released by ICAEW Economic Update.
