Log in
Econ

Vietnam's economy will have a new bright spot in 2016

2015 is about to close, the difficulties predicted have arrived and have been gradually removed. Vietnam is facing the door to deeper integration when TPP agreement is completed and the door to AEC integration is imminent.

Comprehensive picture of the economic recovery of Vietnam have shown more clearly in many areas such as foreign direct investment, banking sector reform, capital market, real estate market, agricultural structure and infrastructure investment. Many opportunities are opened.

The economic picture of Vietnam in 2015 will close with what colors? Integration opportunities are opened in public areas and the platforms have been created in the 2015 economic outlook for Vietnam to grow in 2016.
 
Line processing of exported shrimp products at Sao Ta factory (Soc Trang)
Line processing of exported shrimp products at Sao Ta factory (Soc Trang)

Revolving around this theme, the reporter had an interview with Mr. Vu Dinh Anh, economic experts.

- Sir, can you evaluate these outline of Vietnam's economy since the beginning of the year?

Vu Dinh Anh: From the beginning of this year, Vietnam's economy has very strong recovery after we had started showing signs of recovery from the 2014 economic outlook reflected in all macroeconomic indicators. As reported by the end of 9 months, Vietnam has passed the targets set out from the same period of 2014, economic growth was 6.5%. With the prospect of a quarter-by-quarter, the 6.2% target definitely / year for GDP growth in 2015, and can be optimistic when this growth has proximity at 7% for 2015.

Simultaneously with that, the general economic AEC is officially operated from 2016. And according to a lot of evaluation, the open integration will have a lot of positive impacts to Vietnam on all sides and and opened the door for the development of Vietnam's economy in the coming years.

- Dear Mr. Vu Dinh Anh, in the current economic context, which factors will continue to promote foreign investment flows into Vietnam and can these last long?

Vu Dinh Anh: We are making certain navigation in attracting foreign investment, not all costs that we have certain options to direct the flow of foreign investment in service to increase Vietnam's economic growth effectively and most helpfully. This is the right direction, so in this context we have heard, foreign direct investment has increased, including capital and capital commitments.

Besides, foreign investors are evaluating the investment environment in Vietnam that has improved greatly in recent years, promising much improved in the future, so the attraction of direct foreign investment to Vietnam in the near future will be able to rise.

- From the platform that Vietnam's economy achieved in 2015, so by your remarks, will Vietnam's economy have the same outlook in 2016?

Vu Dinh Anh: On the platform we built in 2015, both in terms of policies and mechanisms as well as the actual results of the socio-economic development, the 2016 will have new bright spots. Sustained economic growth will be around 7% in 2016.

Besides, the opening of integration in time to Vietnam will have advantages over the surface as investment, consumption, exports and opportunities for reforming stronger economic institutions based on the above-mentioned advantages.
Reactions:
Share:
Trending
Most Viewed
Real estate firms sell bonds worth $402 million in May

Real estate firms sell bonds worth $402 million in May

Real estate companies have raised $862 million from bond issuance in April and May, thanks to an improved business environment and better access to funding.

Vietnam unveils new strategies to boost domestic market, aid businesses

Vietnam unveils new strategies to boost domestic market, aid businesses

As global trade uncertainties grow, Vietnam sees the domestic market not only as a key consumption driver but also a “lifeline” for businesses hit by protectionist export barriers.

Vietnam eyes US tilapia export boost as global supply falls

Vietnam eyes US tilapia export boost as global supply falls

Vietnam aims to increase tilapia output to 400,000 tons by 2030, making it the second-largest freshwater export species after pangasius.

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Many of the key Vietnamese exports, such as wood products, electronics, and textiles, that are not on the US exclusion list could face steep tariffs.

Vietnam's mobile money pilot program extended to end of 2025

Vietnam's mobile money pilot program extended to end of 2025

Mobile Money, launched by the Ministry of Science and Technology, differs from e-wallets by linking users’ payment accounts directly to mobile phone numbers.

Vietnam taps innovation, global ties to elevate national brand

Vietnam taps innovation, global ties to elevate national brand

Vietnam is intensifying efforts to enhance its national brand, leveraging innovation, global partnerships, and strategic policies to bolster its global competitiveness and market presence.

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

The government has expanded the scope and scale of the credit program for the sectors which brought about US$62.4 billion worth of exports in 2024.

Vietnamese public shows rising satisfaction in 2024 PAPI survey

Vietnamese public shows rising satisfaction in 2024 PAPI survey

The 2024 PAPI survey found increasing citizen satisfaction with governance, but highlighted persistent administrative challenges, climate vulnerability, and gaps in access to public services.