HANOI (Reuters) – Vietnam is targeting gross domestic product (GDP) growth of 6.5%-7.0% in the third quarter, Prime Minister Pham Minh Chinh said on Saturday.
Chinh said Vietnam will stick to its target of keeping inflation below 4.5% this year, according to a statement posted on the government website.
The country, a regional manufacturing hub, reported GDP of 6.93% in the second quarter, accelerating from expansion of 5.87% in the first quarter.
Chinh said Vietnam will focus on improving its investment environment to facilitate business activities during the rest of the year while pursuing a “widening fiscal policy”.
He said the country will also seek to boost domestic consumption and public investment in infrastructure development.
Chinh warned that non-performing loans in the banking system are on the rise, while the property market is still facing headwinds.