HANOI, Oct 11 (Reuters) – Vietnam’s economy is expected to grow 8% this year, beating the official target of 6.0%-6.5% expansion, the government said on Tuesday.
The country’s exports are expected to rise 9.5% to $368 billion this year, the government said in a statement, adding that foreign direct investment inflows are up 6.4% to 11.5% on 21-22 billion US dollars would rise.
Vietnam, a regional manufacturing hub, has seen its economy recover from the pandemic, with gross domestic product growing 13.67% year on year in the third quarter.
The government said it would pursue “flexible and prudent” monetary policy for the remainder of the year to ensure macroeconomic stability.
Vietnam is targeting 6.5% growth and considering an inflation target of 4.5% next year, the government said.
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reporting from Khanh Vu; Adaptation by Kanupriya Kapoor
Our standards: The Thomson Reuters Trust Principles.
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