JavaScript is off. Please enable to view full site.

Vietnam targeting Q3 GDP growth of 6.5%-7.0%, inflation below 4.5%, PM says

Vietnam targeting Q3 GDP growth of 6.5%-7.0%, inflation below 4.5%, PM says

Sunday, July 07, 2024, 09:04 GMT+7
Vietnam targeting Q3 GDP growth of 6.5%-7.0%, inflation below 4.5%, PM says
A view of Cat Lai Port in Ho Chi Minh City. Photo: C.H. / Tuoi Tre

Vietnam is targeting gross domestic product (GDP) growth of 6.5%-7.0% in the third quarter, Prime Minister Pham Minh Chinh said on Saturday.

Chinh said Vietnam will stick to its target of keeping inflation below 4.5% this year, according to a statement posted on the government website.

The country, a regional manufacturing hub, reported GDP of 6.93% in the second quarter, accelerating from expansion of 5.87% in the first quarter.

Chinh said Vietnam will focus on improving its investment environment to facilitate business activities during the rest of the year while pursuing a "widening fiscal policy".

He said the country will also seek to boost domestic consumption and public investment in infrastructure development.

Chinh warned that non-performing loans in the banking system are on the rise, while the property market is still facing headwinds.

Reuters

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Latest news

Football chaos as Paris Olympics kicks off

Israel's footballers later Wednesday took on Mali under the watchful eye of 1,000 police officers, with authorities erecting an 'anti-terrorist perimeter' and braced for possible disruption around the stadium