Vietnam’s GDP grows 6.79% in Q1

National Assembly deputies on Wednesday discussed the state budgets for 2017 and the outcomes of the implementation of socio-economic development for 2018, and the first months of 2019.

According to a government report presented to the National Assembly, the macro-economy continued to be stable over the past 4 months, with inflation under control and a year-on-year rise of 2.71% in the consumer price index (CPI), a three-year low. GDP growth in the first quarter of this year was 6.79%.

Deputy Tran Thi Quoc Khanh said: The government's determination and effort to speed up the implementation of tasks since the beginning of the year can be clearly seen in the spread of administrative reform from the central to the local level, creating positive results.

Deputy Hoang Van Cuong said the government's consistent pursuance of consolidating the macro-economy, balancing all aspects of the economy, boosting growth, restructuring the economy in line with growth model shift, and joining regional and global trade deals will drive the national economy to thrive this year.

I agree with the government's decision to encourage the development of private economic groups. We consider the private economy a pillar of growth, but haven't yet developed private economic groups to create value chains and growth. We need to outline solutions to guide their development and to select the right foreign investment projects that avoid putting foreign and domestic private enterprises in direct competition with each other, said Cuong.

Source: VOV5