Viet Nam aims to achieve annual average economic growth of 6.5 per cent to 7 per cent through 2020, striving to turn itself into an advanced industrial country soon, according to the Resolution of the 12th National Party's Congress. SEE MORE Central bankers remain in Denial about the failure of their stimulus policies. Yet new IMF data for global GDP shows GDP fell by $3.8tn in 2015 – the biggest fall on record – as the world hits the “demographic cliff”. We have now seen 2 record falls in 6 years, as the previous record was $3.3tn in 2009. SEE MORE U.S. economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on exports. SEE MORE Japan’s economy ended 2015 with a bust, as everything from household spending to industrial production and exports tumbled in December, escalating pressure on the Bank of Japan to add to its stimulus program as soon as Friday. SEE MORE Standard Chartered Bank expects Viet Nam's gross domestic product (GDP) to expand by 6.9 per cent, higher than the 6.6 per cent forecast, through better construction activity and manufacturing strength. SEE MORE