Digitization could add billions to Vietnam GDP: official

Vietnam needs to achieve fiscal consolidation and improve its public debt situation to face possible economic challenges, the International Monetary Fund has said.

The government is concerned about lack of breakthrough factors to further boost the economy.

The biggest risk to China’s economy is rising trade frictions with the U.S.

The trade ministry plans to increase oil and gas revenues by 8-10 percent this year.

The economy is likely to expand 6.3 percent, lower than the previous forecast of 6.7 percent, they say.

The planned jump in health care and education prices in the second half is expected to put upward pressure on inflation.

The U.S. Central Intelligence Agency (CIA) has evaluated numerous aspects of Vietnam’s economy, including GDP growth, labor force, current account balance, budget, imports, exports and exchange rates.

BEIJING - China's defence budget this year is likely to rise at its slowest pace since 2010, in line with the decelerating economy, by a much lower figure than had been expected, although it probably does not represent the true spending number.