In order to realise its objective of 6.2 percent economic growth in2015, Vietnam needs to undertake maximum efforts and utilise itscompetitive advantages to promote sustainable growth.
Thisassessment was made by economists and representatives of theInternational Monetary Fund (IMF) in Vietnam and Laos at a recentconference in Hanoi on the state of the global and Vietnamese economy.
Participants acknowledged the country’s success in stabilising the economy last year.
Ingeneral, Vietnam’s economic outlook is fairly optimistic and likely torecover in full in the near future, according to Director of theVietnam Institute of Economics Tran Dinh Thien.
He highlightedthat foreign direct investment (FDI) funds played a crucial role inpromoting economic growth in Vietnam, contributing nearly 70 percent tothe country’s export turnover.
IMF expert Sanjay Kalra said inorder to become a part of the regional and global economy, Vietnamshould continue its efforts to maintain macro-economy stability, alongwith improving the quality of human resources, in order to meet itsgrowth targets.
In addition, it is essential to reform thebanking sector, State businesses and public investment, whileaccelerating the process of State-owned enterprise equitisation, headded.
According to Vo Tri Thanh, Deputy Director of theCentral Institute for Economic Management (CIEM), Vietnam’s economy islikely to prosper in a number of fields in 2015, such as the supportindustries, green technology, e-commerce and logistics.
Reportsrecently published by the State Bank of Vietnam showed that thecountry’s credit growth during the first nine months of this year onlyincreased 7.26 percent, equivalent to 50 percent of the annual target.The slow decline in the interest rate for loans prevented the economyfrom recovering, especially the domestic economic areas.
Thecentral bank needs to take more drastic measures to manage and lower theinterest rate applied at commercial banks, thus enabling the businesscommunity to access capital and boosting the economy’s health, SanjayKalra said.-VNA
Thisassessment was made by economists and representatives of theInternational Monetary Fund (IMF) in Vietnam and Laos at a recentconference in Hanoi on the state of the global and Vietnamese economy.
Participants acknowledged the country’s success in stabilising the economy last year.
Ingeneral, Vietnam’s economic outlook is fairly optimistic and likely torecover in full in the near future, according to Director of theVietnam Institute of Economics Tran Dinh Thien.
He highlightedthat foreign direct investment (FDI) funds played a crucial role inpromoting economic growth in Vietnam, contributing nearly 70 percent tothe country’s export turnover.
IMF expert Sanjay Kalra said inorder to become a part of the regional and global economy, Vietnamshould continue its efforts to maintain macro-economy stability, alongwith improving the quality of human resources, in order to meet itsgrowth targets.
In addition, it is essential to reform thebanking sector, State businesses and public investment, whileaccelerating the process of State-owned enterprise equitisation, headded.
According to Vo Tri Thanh, Deputy Director of theCentral Institute for Economic Management (CIEM), Vietnam’s economy islikely to prosper in a number of fields in 2015, such as the supportindustries, green technology, e-commerce and logistics.
Reportsrecently published by the State Bank of Vietnam showed that thecountry’s credit growth during the first nine months of this year onlyincreased 7.26 percent, equivalent to 50 percent of the annual target.The slow decline in the interest rate for loans prevented the economyfrom recovering, especially the domestic economic areas.
Thecentral bank needs to take more drastic measures to manage and lower theinterest rate applied at commercial banks, thus enabling the businesscommunity to access capital and boosting the economy’s health, SanjayKalra said.-VNA
