Vietnam is likely to achieve an economic growth rate of 6.33% this year as the target of 6.7% is unfeasible.
The Central Institute for Economic Management (CIEM) released the forecast at a seminar in Hanoi on October 28.
According to the institute, Vietnam’s economy in the third quarter made significant progress against the previous two quarters.
Progress was attributed to the government’s efforts to improve the business environment and Vietnam achieved growth of 6.62% in the third quarter.
The Institute suggested the government continue with measures to stabilize the macro-economy with a focus on restructuring banks, settling bad debts and promoting fiscal policies.VOV