As usual, the banking system intensifies the capital injection in last three months of the year to reach its credit growth target.
World Bank's Lead Economist for Vietnam Sebastian Eckardt said that it is possible for Vietnam to achieve its full-year GDP growth target of 6.7 per cent if the momentum in Q3 2017 is carried forward to the Q4.
According to Dr Vo Tri Thanh, the greatest concern now is how to reach the target of 6.7% as the short-term growth target of 2017 while not breaking the commitments for long-term growth.
The economic growth target of 6.7 per cent in 2017 is mainly dependent on the recovery of the agricultural and manufacturing sectors.
Promoting credit growth and reducing the interest rate by 0.5 per cent are the measures to reach the economic growth target of 6.7 per cent.
Imposing targets for each ministry can pose some negative impacts on the economy, as it does not create any motivation for the development of economic sectors.
Stronger export growth and a continued rise in investment suggest Viet Nam’s GDP growth will go back above 6.5 per cent in 2017, after a slowdown to 6.2 per cent in 2016.
Minister tells NA that 6.7% target remains within reach.
