HANOI， Oct. 5 (Xinhua) -- The World Bank said Wednesday that it maintained the forecast for Vietnam's gross domestic product (GDP) growth at 6 percent for 2016.
Economic activity in Vietnam moderated in the first half of 2016， due to the impact of a severe drought on agricultural production and slower industrial growth， the bank said at the launch of its East Asia and Pacific Economic Update.
Vietnam saw slower GDP growth of 5.5 percent in the first half of 2016， compared to 6.3 percent during the same period last year.
While the broad poverty reduction trend continues， the contraction in agriculture poses short term risks to livelihoods， in particular among poor households which rely predominantly on farm income， said the World Bank.
Vietnam is facing some downside risks including slowing exports， accumulated fiscal imbalances and lingering non-performing loans problems， the bank said.
Specifically， the country's exports slowed to 6.4 percent year-on-year in the first eight months this year. Although the figure is still far above global trade growth， this is the lowest level for Vietnam since 2009， said the World Bank.
This is mainly due to declining oil exports and slower growth of manufacturing exports following weaker external demand， assessed the bank， warning that further weakening of external markets could dim Vietnam's export performance.
In addition， a fiscal deficit of about six percent of GDP in 2015 push Vietnam's public debt to an estimated 62.2 percent of GDP， nearly 11 percentage points higher than in 2010 and inching quickly toward the legally-mandated ceiling of 65 percent of GDP. Fiscal outturns in the first half of 2016 suggested that budget pressures persist， as lower oil prices and weaker economic activity weigh on revenue performance.
At the same time， slow progress in implementing structural reforms to boost productivity could dampen medium-term growth， while delays in addressing lingering non-performing loans problems and fiscal consolidation could pose risks to future macro-economic stability and growth.
The World Bank called for a bolder implementation of structural， fiscal and banking sector reforms which would help to mitigate macro-economic vulnerabilities and sustain higher medium-term growth.
In late September， the Asian Development Bank also forecast Vietnam's economic growth at 6 percent in 2016 due to contractions in the agriculture and mining sectors in the first half of the year.
In early October， Vietnamese Prime Minister Nguyen Xuan Phuc lowered the country's economic growth target to 6.3-6.5 percent in 2016， down from the earlier target of 6.7 percent.
The rise in the consumer price index is the lowest since November 2009 Cheap NBA Jerseys China , coming in short of a median forecast of 1.2 Strengths 4.
Every single Website positioning consultant working on a significant model E-commerce web page have to not only be great at promoting a web site, but also capable of detailing to the executive board of directors what are the Seo techniques he is heading to use and why they are tested to get the job done. Focus on up to 10 meticulously favored key phrase phrases and observe your net page ascending to the prime placements week subsequent week.
KTB acting chief executive Jacinta Nzioka noted that the 18 percent growth in arrivals in the first nine months of this year showed recovery efforts are paying off.
aws The country has also been hit by disappointing manufacturing activity Cheap NBA Jerseys , tumbling property prices and nagging concerns over corporate and local government debt.
The Chongqing-Guangxi-Singapore route complements the Chongqing-Xinjiang-Europe rail link, providing inland provinces with access to both the Silk Road Economic Belt to the north and the 21st Maritime Silk Road to the south. Sometimes Cheap Jerseys China Free Shipping , there are also compromises on the quality of built, finishing and materials Cheap Jerseys China Wholesale , but Nautica can never be accused on such terms.
You’d have wondered why we hadn’t incorporated it if you’d stumbled throughout it, but at these rates we’d in all probability advocate remaining someplace else if you might be after five-star seashore resort luxurious with all the trimmings.
The stadium Cheap Wholesale Jerseys , which would be a state-of-the-art building of the city according to the proposal, is also part of Roma's ambition to "become one of the most successful football clubs in the world".
An International buffet breakfast is served in Taverna overlooking the seaside – it is really actually open up 24 several hours a day and serves cuisines culled from close to the world.
Xi promoted building a community of common future in cyberspace Cheap Jerseys Free Shipping , pledged to push for economic globalization that is "more open and inclusive, more balanced Cheap Jerseys From China , more equitable and beneficial to all," and called on developing countries to uphold both the universality and particularity of human rights and steadily raise the level of human rights protection.
DAR ES SALAAM Cheap Jerseys China , July 24 (Xinhua) -- The World Bank on Monday expressed concern over what it described as laxity by East Africa's ministries of health in healthcare financing.
Khama Rogo, the World Bank's Head of Health in Africa Initiative Cheap Jerseys , said poor financing in healthcare made countries in the region to fail to fulfill the healthcare benchmarks such as the Abuja Declaration which called for committing 15 percent of African governments' budget to healthcare.
Rogo told the East Africa Health Federation Conference in Tanzania's commercial capital Dar es Salaam that governments in the region needed to come into dialogue with the World Bank on how to better finance the health sector and how to stop people from dying of preventable diseases.
Thema drucken
25.04.2019 08:14
Antworten
