Macroeconomic indexes have experienced positive changes over the last nine months (Source: VNA) Hanoi (VNA) – Macroeconomic indexes haveexperienced positive changes over the last nine months, showing theeffectiveness of Vietnam’s financial and monetary policies, according to theNational Financial and Monetary Policy Consultation Council.
The council revealed at a meeting in Hanoi onSeptember 28 that on average, inflation rate grew by 1.45 percent on averageduring January-September. The figure is expected to stand at about 1.5-1.8percent for the whole year, lower than the target set by the National Assembly.
GDP rose by 7.46 percent in the third quarter,and 6.41 percent in the first nine months of the year.
The council attributed the high GDP rise inJuly-September to industrial growth, which was up 13.2 percent year-on-year, ledby the processing and manufacturing sector and export growth.
Up to 147 trillion VND (6.47 billion USD) worthof Government bonds were mobilised from January to September, completing 80percent of the set plan.
The council revealed at a meeting in Hanoi onSeptember 28 that on average, inflation rate grew by 1.45 percent on averageduring January-September. The figure is expected to stand at about 1.5-1.8percent for the whole year, lower than the target set by the National Assembly.
GDP rose by 7.46 percent in the third quarter,and 6.41 percent in the first nine months of the year.
The council attributed the high GDP rise inJuly-September to industrial growth, which was up 13.2 percent year-on-year, ledby the processing and manufacturing sector and export growth.
Up to 147 trillion VND (6.47 billion USD) worthof Government bonds were mobilised from January to September, completing 80percent of the set plan.
Stock market capitalisation increased by 38.7percent, equivalent to 60 percent of GDP, the council said.
As of September 20, foreign direct investmentedged up by 21.7 percent year-on-year with a record high of newly-registeredcapital at 14.6 billion USD and additional capital at 6.8 billion USD.
The council underlined the need to keep a closewatch on credit growth and quality although the Government has allowed theState Bank of Vietnam to increase the credit growth rate from 18 percent to 21percent.
They proposed the Government continuestreamlining administrative procedures, amending and issuing policies toattract businesses in agriculture and rural areas, and instructing agencies tocut production and businesses costs.-VNA
As of September 20, foreign direct investmentedged up by 21.7 percent year-on-year with a record high of newly-registeredcapital at 14.6 billion USD and additional capital at 6.8 billion USD.
The council underlined the need to keep a closewatch on credit growth and quality although the Government has allowed theState Bank of Vietnam to increase the credit growth rate from 18 percent to 21percent.
They proposed the Government continuestreamlining administrative procedures, amending and issuing policies toattract businesses in agriculture and rural areas, and instructing agencies tocut production and businesses costs.-VNA
VNA
