Australia supports Economic Reform in Vietnam (Aus4Reform)

Publications - Reports

3/12/2018

Macroeconomic report third quarter and 2018

Macroeconomic report third quarter and 2018

MACROECONOMIC REPORT THIRD QUARTER 2018

 

Vietnam entered Q3 with both expectations and concerns. High economic growth in previous quarters has eased the pressure on fulfilling the annual economic targets toward the last months of 2018. Export and FDI disbursement were at steady growth, stabilizing aggregate balances of the economy.

However, recent context of global trade and market with drastic changes, particularly the increasing US-China trade tension and US interest policy, posed a lot of challenges to Vietnamin its management of exchange rates, interest rates trade policy, etc.

Requirements to further enhance macroeconomic fundamentals were emphasized to create more policy space and improving economic resilience in a volatile world. Efforts to advocate, accelerate the ratification of major free trade agreements and encouraging the development of private sector were made simultaneously.

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