Vietnam prime minister says 2019 GDP growth to exceed 6.8%Tuesday, October 22,2019
AsemconnectVietnam - Vietnam's gross domestic product (GDP) growth is expected to exceed 6.8% this year, backed by robust exports and foreign investment, Prime Minister Nguyen Xuan Phuc said.
The country is targeting a GDP growth of 6.8% and will keep inflation below 4% next year, Phuc said at a meeting of the National Assembly, the country's lawmaking body.
Vietnam's foreign exchange reserves have reached $73 billion, a record high, he added.
Phuc said, however, that Vietnam has an open economy and is exposed to external risks.
The country's pace of privatisation of state-owned enterprises and pace of budget spending on infrastructure have been slower than expected, Phuc also said.
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