More optimistic outlook for Vietnamese economy in 2018

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According to the Viet Nam Economic Seminar which was held on March 19 in HCMC, Viet Nam was forecast to benefit from positive influences from the outside world. 

In Asia, Japan is one of the leading economies that rebounded in the two consecutive years after nearly two decades of recession. The concern over “hard landing” in China has yet caused much trouble. 

The EU has escaped from the ‘hardest’ period of time. Similarly, the U.S. economy witnessed a series of policy amendments which encourage and support the business community. 

Meanwhile, labor costs in emerging economies including Viet Nam remain low. 

The aforesaid factors were projected to influence other economies especially Viet Nam which has deeply integrated into the global economy. 

Dr. Vu Vien Ngoan, Head of the PM’s Economic Advisory Group was quoted as saying that in Viet Nam, business confidence has been improved. Macro-balances were forecast at stable level in 2018. However, inflation would surge but within control. 

Economist Tran Du Lich was convinced that GDP growth rate would increase by 7% in 2018./.

By Khanh Phuong