Vietnam's GDP to Grow Over 8 per cent in 2007: Economists
Vietnam is forecast to gain a high GDP growth rate between 8.1 per cent and 8.7 per cent this year, according to the 2006 Economic Report released by the Central Economic Management Research Institute on April 23.
Vietnam would register the highest economic growth, 8.7 per cent, on the back of its more attractive investment environment and favorable world economic performance, the institute reported.
The lowest growth rate is projected at 8.1 per cent in case of big fluctuations in world market oil prices and slow foreign direct investment (FDI) disbursement in the country.
The Government has targeted a GDP growth rate at 8.2-8.5 per cent this year. Vietnam’s economy expanded by 8.17 per cent in 2006.
However, the country faces several risks in 2007, warned Vo Tri Thanh, head of the Institute's International Economic Integration Department.
The national economy is growing dependent on big regional and world economies, he commented. "It is certain that ups and downs in world market prices and the FDI flow into Vietnam do not depend on Vietnam."
The expert also pointed out the great impact of capital market development on macro-economic stability and its link to the value of the national currency and real estate market growth.
In conclusion, the 2006 Report stressed the great importance of accelerating reforms in 2007 in order to create a firm back-up for maintaining high economic growth and sustainable development in coming years. (VNA)
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