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VietNamNews

Viet Nam's economy on track in 2015

Update: September, 01/2015 - 08:12
During the two-day meeting through September 1, the Government will scrutinise reports on the 2016 draft socio-economic development plan, the public investment plan for 2016 to 2020, the State budget use this year, estimates for 2016 and outcomes of the State-owned enterprise restructuring in the eight months. — VNA/VNS Photo Duc Tam

HA NOI (VNS) — Viet Nam's economy has been kept stable and remained on track during the first eight months of 2015, despite complicated global economic fluctuations, the Ministry of Planning and Investment (MPI) reported.

At the Government's monthly meeting yesterday, the Ministry highlighted the slow pace of the consumer price index, quickening credit growth rate compared to the same period last year, stable interest rates and adjustments to exchange rates.

During the January to August period, companies posted much higher growth rates than those of previous years, especially in processing and manufacturing. Aggregate demand and purchase power also improved with a substantial increase in the retail sales of goods and services.

A rise was seen in registered and implemented foreign direct investment and Viet Nam sustained its growth momentum in overseas shipments and the import of materials and machinery serving production and export, the MPI added, noting that trade deficits in the eight months were under control.

The ministry also underlined that social welfare, political security and social order and safety were ensured.

During the two-day meeting through September 1, the Government will scrutinise reports on the 2016 draft socio-economic development plan, the public investment plan for 2016 to 2020, the State budget use this year, estimates for 2016 and outcomes of the State-owned enterprise restructuring in the eight months.

The national plan on land use for the next five years and some draft laws will also come under discussion. — VNS

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