AsemconnectVietnam - According to Vietnam’s Prime Minister Nguyen Xuan Phuc, Vietnam's gross domestic product (GDP) growth is expected to exceed 6.8% this year, backed by robust exports and foreign investment.

Expectation for Vietnam’s GDP growth in 2019
The country is targeting a GDP growth of 6.8% and will keep inflation below 4% next year, Mr. 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.

Expectation for Vietnam’s export and import turnover in 2019
Viet Nam's import - export turnover was on target to hit 500 billion USD this year, said director of the General Department of Customs Nguyen Van Can.
There were nearly 100,000 enterprises involved in imports and exports nationwide, he said.
The department said that as of September, total import-export turnover for the whole country had reached more than 382.16 billion USD.
If this continued, the country's import and export turnover would reach 510 billion USD by the end of the year.
Generally speaking, imports and exports usually climb at the end of the year thanks to national holidays like National Day (September 2), New Year (January 1) and then Tet (Lunar New Year).
The country's total import-export turnover reached only 243.5 billion USD in the first six months. But entering the third quarter, total turnover reached 138.7 billion USD. If this continues, the total annual turnover will reach over 520 billion USD for the year.

Vietnam’s Socio-Economic Development Plan for 2020
At the opening session of the 8th National Assembly, XIV, on behalf of the Government, Prime Minister Nguyen Xuan Phuc presented the Socio-Economic Situation Report 2019 and Socio-Economic Development Plan 2020. In this Report, the Government has proposed the Socio-Economic Development Plan with general goals and key targets to be implemented in 2020.
About the general goalof the 2020 socio-economic development plan, the report stated: Focusing on macroeconomic stability; control inflation; improve productivity, quality, efficiency and competitiveness of the economy. Promote innovation, complete institutions, unfreeze resources; create open and favorable investment and business environment. Strongly promote economic restructuring associated with innovation of growth model; speeding up the implementation of important national projects and key projects; promoting the role of key economic regions and big cities. Developing high quality human resources associated with the development of science, technology and innovation; promote rapid and sustainable economic growth. Closely linking economic, cultural, social development, environmental protection with strengthening national defense and security. Paying attention to the fields of culture and society; improve the material life, the spirit of the people. Strengthen natural resources management, environmental protection, natural disaster prevention, and climate change response. Continue to streamline and streamline the apparatus; reduce the size of the workforce; administrative reform, judicial reform, improve the effectiveness and efficiency of executive direction and law enforcement. Strengthen discipline, discipline, prevention of corruption and waste. Well done communication, creating social consensus.

Strengthening national defense and security, improving the effectiveness of foreign affairs and international integration, fulfilling the role of ASEAN Chair in 2020, and a non-permanent member of the United Nations Security Council for the term 2020-2021; maintain independence, sovereignty, national territorial integrity and a peaceful and stable environment for development; improve the prestige and position of our country in the international arena, natural disaster prevention and response. Continue to streamline and streamline the apparatus; reduce the size of the workforce; administrative reform, judicial reform, improve the effectiveness and efficiency of executive direction and law enforcement. Strengthen discipline, discipline, prevention of corruption and waste. Well done communication, creating social consensus. Strengthening national defense and security, improving the effectiveness of foreign affairs and international integration, fulfilling the role of ASEAN Chair in 2020, and a non-permanent member of the United Nations Security Council for the term 2020-2021; maintain independence, sovereignty, national territorial integrity and a peaceful and stable environment for development; improve the prestige and position of our country in the international arena, natural disaster prevention and response. Continue to streamline and streamline the apparatus; reduce the size of the workforce; administrative reform, judicial reform, improve the effectiveness and efficiency of executive direction and law enforcement. Strengthen discipline, discipline, prevention of corruption and waste. Well done communication, creating social consensus.

Strengthening national defense and security, improving the effectiveness of foreign affairs and international integration, fulfilling the role of ASEAN Chair in 2020, and a non-permanent member of the United Nations Security Council for the term 2020-2021 ; maintain independence, sovereignty, national territorial integrity and a peaceful and stable environment for development; improve the prestige and position of our country in the international arena, improve the effectiveness and efficiency of executive guidance and law enforcement. Strengthen discipline, discipline, prevention of corruption and waste. Well done communication, creating social consensus. Strengthening national defense and security, improving the effectiveness of foreign affairs and international integration, fulfilling the role of ASEAN Chair in 2020, and a non-permanent member of the United Nations Security Council for the term 2020-2021; maintain independence, sovereignty, national territorial integrity and a peaceful and stable environment for development; improve the prestige and position of our country in the international arena, improve the effectiveness and efficiency of executive guidance and law enforcement. Strengthen discipline, discipline, prevention of corruption and waste.
Well done communication, creating social consensus. Strengthening national defense and security, improving the effectiveness of foreign affairs and international integration, fulfilling the role of ASEAN Chair in 2020, and a non-permanent member of the United Nations Security Council for the term 2020-2021; maintain independence, sovereignty, national territorial integrity and a peaceful and stable environment for development; improve the prestige and position of our country in the international arena. well perform the role of ASEAN Chair in 2020, the Permanent

Member of the United Nations Security Council for the term 2020-2021; maintain independence, sovereignty, national territorial integrity and a peaceful and stable environment for development; improve the prestige and position of our country in the international arena. well perform the role of ASEAN Chair in 2020, the Permanent Member of the United Nations Security Council for the term 2020-2021; maintain independence, sovereignty, national territorial integrity and a peaceful and stable environment for development; improve the prestige and position of our country in the international arena.
CK
Nguồn: VITIC /Reuters/VNS