Vietnam raises 2018 growth target to 6.7pc


FE Team | Published: April 02, 2018 23:26:16


Vietnam raises 2018 growth target to 6.7pc


HANOI, Apr 2 (Reuters): Vietnam's leader on Monday raised the 2018 growth target for this year to at least 6.7 per cent and said the Southeast Asian country must keep opening up for foreign and domestic investors.
Prime Minister Nguyen Xuan Phuc also told a cabinet meeting that high inflation is threatening to return, according to a statement on the government's website.
Phuc's comments come shortly after Vietnam reported annual economic growth of 7.38 per cent for January-March, the fastest first-quarter expansion in a decade.
In October, the government had set a 2018 growth target of 6.5- 6.7 per cent.

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