Vietnam experiences steady economic growth in 2019

Vietnam's economy recorded positive signs in August and the first eight months of this year despite global growth slowdown and diminishing trade, said Minister and Chairman of the Government Office Mai Tien Dung at the Government's monthly press conference on Wednesday.

Vietnam's economy has maintained its growth across sectors, with an improved investment climate and stronger national competitiveness.

Minister Dung said: The target of an economic growth rate of 6.6-6.8% set by the National Assembly for this year is within reach. The average Consumer Price Index so far this year is up 2.57%, the lowest increase in the same period in the past three years. State revenues were good. Revenues at the central level have exceeded estimates for three consecutive years.

The Government expects its macro-economic targets this year to be reached or surpassed.

The Government will submit to the 14th National Assembly meeting in October the latest draft law on public-private partnership (PPP) investment to create breakthroughs in attracting new investment.

Deputy Minister of Planning and Investment Nguyen Duc Trung told reporters: Recent PPP projects have improved Vietnam's infrastructure, boosted national development, and improved people's lives. But we need more than decrees to manage PPP activities. Current PPP projects are not attractive enough to investors so a new law will include mechanisms that guarantee foreign currency exchange and risk sharing.

The National Assembly is expected to adopt a draft law on PPP investment at its 9th plenary session next May.

Source: VOV5