Government spending and debt remained in check and bank capital rules were strengthened.

ADB encourages websites and blogs to link to its web pages. According to VEPR, in a feasible scenario, GDP growth in 2019 would be 6.81%, meeting the target of the National Assembly. Despite rising trade tensions and volatility in emerging economies throughout 2018, Vietnam’s economy saw broad-based growth and low inflation. Viet Nam's GDP growth is expected at 4.1% in 2020 and 6.8% in 2021 – Source: ADOS 2020 (June 2020) Viet Nam's inflation rates forecasted at 3.0% in 2020 and 3.5% in 2021 – Source: ADOS 2020 (June 2020) ... Vietnam (Vietnamese: Cộng hòa Xã hội chủ nghĩa Việt Nam) is a country in Southeast Asia. — VNS GDP per Capita in Vietnam (or Viet Nam) (with a population of 94,600,648 people) was $1,853 in 2017, an increase of $100 from $1,753 in 2016; this represents a change of 5.7% in GDP … This list contains projected GDP (Nominal and PPP) of top 50 Countries/Economies in current prices of year 2019 and 2020 by IMF alongside their world rank, % share in world economy, gdp growth rate and gdp per capita. Consumer prices rose 0.66% over the prior month in June, swinging from May's 0.03% fall. The long-form name of the country is the Socialist Republic of Vietnam. Livestock industry was severely damaged by African swine fever, Lâm said.The average consumer price index (CPI) this year expanded by 2.79 per cent over 2018, the lowest pace over the past three years, GSO announced.The target of curbing inflation and keeping the CPI in 2019 below 4 per cent was achievable, said head of the GSO’s Price Statistics Department Đỗ Thị Ngọc.In December alone, CPI rose by 1.4 per cent from the previous month, the highest level for December’s CPI growth rate in the last nine years.December’s CPI is also reported an increase of 5.23 per cent compared to the same period last year.The General Statistics Office (GSO) attributed CPI hike in December to the rising price of pork and pork products after the declining supply caused by the African swine fever crisis.In December, nine of 11 groups of consumer goods and services have seen prices rise.These include food and catering services; beverages and tobacco; housing and construction materials; clothing, hats and footwear; household appliances; medicines and healthcare services; education; and culture, entertainment and tourism.The only group of goods witnessing declines was post and telecommunications.Regarding the whole year, Ngọc said this year’s CPI hike was driven by higher prices of medical services, which climbed up 4.56 per cent in line with the Health Ministry’s Circular 13/2019/TT-BYT dated July, 5 2019.She also attributed CPI’s growth to the rise of electricity prices which were adjusted up from March 20, 2019 under the Ministry of Industry and Trade’s Decision No 648/QD-BCT. Read more Industrial output rose 7.0% year-on-year in June (May: -0.4% yoy). Vietnam gdp growth rate for 2016 was 6.21%, a 0.47% decline from 2015. July 16, 2019. Vietnam: Industrial output bounces back in June. June 29, 2020. Vietnam’s gross domestic product (GDP) increased 7.02 percent in 2019, marking the second straight year the economic growth rate topping 7 percent since 2011, according to … GDP Growth Rate in 2017 was 6.81%, representing a change of 11,179,225,876 US$ over 2016, when Real GDP was $164,104,855,205. Editor_In_Chief: Trinh Thanh Thuy The industry picked up 2.01 per cent, contributing 4.6 per cent of GDP growth. Copyrights 2012 Viet Nam News, All rights reserved .Add:79 Ly Thuong Kiet Street, Customers shop at the Aeon Mall Long Biên Trading Centre in Hà Nội. The neighboring countries of Vietnam are China, Laos and Cambodia. Vietnam Economic News. Vietnam gdp growth rate for 2018 was 7.08%, a 0.26% increase from 2017. Higher demand for electricity during the Lunar New Year 2018 and hot weather in the second quarter and third quarter this year have made the prices of electricity jump by 8.38 per cent in 2019 compared to 2018.Higher tuition fees, an increase in the regional minimum wage, plus higher prices of food, public transport services, and oil and gas products also contributed to the CPI rise.According to the GSO, this year’s basic inflation (CPI exclusive of foodstuff, fresh food, energy, healthcare and education services) rose 2.01 per cent over the previous year.Ngọc said ministries and agencies had actively implemented the tasks and solutions to realise the socio-economic development plan and state budget estimate in 2019, aiming to keep CPI growth in 2019 below 4 per cent.The Finance Ministry has also stepped up market inspections.

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