Representatives discuss Viet Nam’s economy 2018 and prospects for 2019. — VNS Photo Phuong Thao Viet Nam’s economic growth could reach 6.9 per cent in 2019, an increase of 0.1 per cent compared to the 2019 socio-economic development plan adopted by the National Assembly, in the context that Viet Nam is benefiting from the US-China trade war. The statement was made by Nguyen Duc Thanh, director of the Viet Nam Institute for Economic and Policy Research (VEPR) at a conference held in Ha Noi on Thursday. However, Thanh noted, the use of foreign exchange reserves to stabilise the value of the Vietnamese dong (VND), as the State Bank of Viet Nam (SBV) has done in recent years, is not a long-term solution when Viet Nam’s foreign exchange reserves are in fact small in scale. The pressure of exchange rates and inflation along with the regulation of restricting the use of short-term capital for medium- and long-term loans has caused the interest rate of VND to increase … [Read more...] about Economic growth could reach 6.9% in 2019: VEPR