The Central Institute for Economic Management (CIEM) projects that Vietnam will grow by 6.17 percent in the second quarter of 2016 (Q2). The inflation rate will be 0.73 percent. Meanwhile, exports are forecast to grow at 8.02 percent in Q2. The trade deficit for this period is expected to be US $ 420 million.
Economic analysts suggest that Vietnam should implement regulations on trade liberalization in order achieve the predicted growth rates. In this regard, a number of analysts have called for the implementation of the Investment Law and Enterprise Law, which will clarify regulations on trade liberalization and settle inconsistencies in the Investment Law, which guides transactions on land, environment, construction and real estate.
The growth numbers projected by the CIEM bode well for investors that plan to invest in Vietnam. However, investors should also take cognizance of the reforms suggested by economists, as the effective implementation of the reforms may be vital for ensuring stable growth.
Source : http://www.vietnam-briefing.com
Keyword : Economy, Set to Grow, by 6.17 Percent, in Second Quarter.
