Vietnam: Cap of 5% inflation in new economic plan

• Aug 15, 2016

Vietnam: Cap of 5% inflation in new economic plan

Monday, 15 August 2016 – The Ministry of Planning and Investment is developing a plan on restructuring the economy by 2020 aiming to renovate the growth model towards improving efficiency and competitiveness of the economy.

The ministry said that intensive economic restructuring has become critical for the next five-year period due to rapid international integration and technology advances which demanded the Southeast Asian economy to search for new competitive advantages.
The economic restructuring between 2010 and 2015, the ministry said, revived macro-economic stability and reduced damages caused by inefficient resource allocation, but still generally failed to renovate the growth model and the economic structure. Read More?