Economist Predict Vietnam Can Keep Good Inflation Control in 2019

Diep Nguyen

16:28 15/05/2019

BizLIVE -

Thien said that all the predictions about the world and regional economies show the downtrends and fluctuations but Vietnam is still an exception.

Economist Predict Vietnam Can Keep Good Inflation Control in 2019

Photo: Reuters

In the conference named “New trend and opportunities of investment in resort villas in second part of 2019” organized by Cafeland today, Prime Minister’s economic counselor member - economist Tran Dinh Thien remarked that the macro economy environment now witnesses many changes and quite special.
Thien pointed out that in 2018, Vietnam’s economic growth is highest in 10 years and ranks first in South East Asia. The Vietnam economy grew stably. All the problems related to the real estate market were solved quite well.
According to Thien, over the past 2 years, there are two special news. FDI surged in 2018 and also the previous year. However, in those two years, one special trend is FDI and the number of tourist surged, those two factors have impacts on the real estate market.
From 2018 into 2019, under the circumstance of the volatile world, the downtrend become common among economies, Vietnam has its own way of having stable growth.
Thien said that all the predictions about the world and regional economies show the downtrend and fluctuations but Vietnam is still an exception.
Thien predicted that Vietnam’s economy can slowdown but the growth rate still very impressive compared to other economies in the world. Vietnam still has the full ability to restrain the fluctuations to stabilize the macro economy. Thus the Vietnam keeps its own attration in the eyes of foreign investors. FDI into Vietnam from other regional economies, especially China, surged.
Thien stressed that the restructuring process in Vietnam still very low and has the potential to create more macro economic fluctuations. Vietnam is strongly affected by the external factors like world oil price, exchange rates and debts. Worsely, the social belief is low and this needs serious consideration from the authorities.
Thien predicted that in 2019, the Vietnam’s economy will still grow well, if the macro economic management goes smoothly as expected, inflation will still be under control.

DIEP NGUYEN

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