Vietnam targets 6.8 percent GDP growth next year

By Toan Dao, Vuong Anh   June 2, 2016 | 07:14 pm GMT+7
Vietnam targets 6.8 percent GDP growth next year
Photo by VnExpress Photo Contest/Luu Trong Thang
The Vietnamese government has announced a plan to achieve 6.8 percent gross domestic product (GDP) growth in 2017, slightly higher than the targeted 6.7 percent this year.

The goal was included in a directive released on Thursday in which Prime Minister Nguyen Xuan Phuc asked ministries, government agencies, localities and state-run companies to start preparing for 2017. Planning for next year must be based on their performance in the first half of 2016 and their projections for the whole year.

Phuc also asked for economic restructuring to continue in 2017, targeting investment with a focus on public investment; the finance-banking system with a focus on credit institutions; and enterprises with a focus on state-owned companies.

Boosting exports in a stable manner and improving social security are two of the main priorities for the government next year, the directive said.

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