Int’l Monetary Fund to help re-evaluate GDP

GDP growth rates in 2015-2018 period and Government's growth goal for 2019.

Robert Dippelsman, head of the IMF Statistics Department, said good statistical data will help IMF member countries, especially fast-developing economies, to better design economic management policies.

This is not the first time Viet Nam re-evaluates the GDP size in accordance with international practices, Nguyen Bich Lam, GSO Director-General told a room of reporters Friday.

The re-evaluation of the GDP will provide basis for Viet Nam to develop 10-year socio-economic development strategy for 2021-2030 and five-year socio-economic development plan for 2021-2025, Lam said.

The official statistics show Viet Nam’s economy expanded nearly 6.67% on average between 2015-2018. The Government set goal to achieve the growth rate of 6.8% in 2019.

According to Standard Chartered’s latest forecast, Viet Nam remains the fastest-growing economy in ASEAN with projected GDP growth rate of 6.9% this year.

High-growth rate is mainly driven by strong manufacturing, which is poised for double-digit growth in the fourth consecutive year./.

By Huong Giang