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Vietnam's economic growth forecast to hit 6.3 percent

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Staff Writer | December 10, 2016
Vietnam's gross domestic product (GDP) is forecast to hit some 6.3 percent in 2016, Vietnamese Prime Minister Nguyen Xuan Phuc said.
Nguyen Xuan Phuc
Asia   Vietnam Development Forum 2016
Phuc made the remark at Vietnam Development Forum 2016 (VDF 2016) which opened Friday in Vietnam's capital Hanoi.

The event, a high-level policy dialogue between Vietnamese government and development partners to share relevant experiences and exchange ideas on the emerging policy challenges Vietnam faces, was held under the theme of VDF 2016 is "Facilitating and Action-oriented Government: New Driving Force for Development."

In his address at the forum, Phuc said the country's foreign reserves are forecast to reach the highest-ever level of around 41 billion U.S. dollars in 2016.

Despite plunging global trade, Vietnam's export revenue continues to enjoy a growth of 8 percent this year with trade surplus of 2-3 billion U.S. dollars, said Phuc.