May 05, 2017 | 21:48 (GMT+7)
Vietnam’s economy continues to grow stably
PANO - The ASEAN+3 Macroeconomic Research Office (AMRO) announced May 4 that economies in the ASEAN+3 region, including Vietnam, will grow steadily in the context of the long-lasting global financial fluctuation...
Vietnam's economy to grow steadily. Photo: danviet.vn
Accordingly, AMRO's ASEAN+3 Regional Economic Outlook 2017 (AREO) forecast the economic growth rate at 5.2% in 2017 for the ASEAN+3 region, which consists of 10 ASEAN countries, China, Japan and the Republic of Korea.
Emerging economies in the region such as the Republic of Korea, ASEAN-5 (Indonesia, Malaysia, the Philippines, Singapore and Thailand) and Vietnam will grow steadily. ASEAN developing economies namely Cambodia, Laos, and Myanmar will continue to grow and benefit from regional integration. As forecast by AREO, Vietnam will enjoy an average growth rate of 6.4% for both 2017 and 2018.
AMRO Chief Economist, Dr. Hoe Ee Khor, shared that in the current global context, the first priority is financial stability in accompany with sound policy support for growth, including key macroeconomic stability measures and sustainable structural reforms.
Translated by Huu Duong