WB report: Vietnam’s economy continues to show fundamental strength

05/10/2017, 10:23

Vietnam’s economy continues to show fundamental strength, according to the East Asia-Pacific Economic Update released by the World Bank via a teleconference connecting regional countries, including Vietnam, on October 4.  The report said Vietnam’s medium-term outlook remains positive. Real gross domestic product growth is projected to accelerate slightly to 6.3 percent in 2017, underpinned by buoyant domestic demand, rebounding agricultural production, and strong export-oriented manufacturing, aided by a recovery in external demand, which will be partially offset by declining oil production.  The current account is expected to remain in surplus, albeit at a lower level as stronger import growth resumes. Over the medium term, growth is projected to stabilise at around 6.4 percent in 2018-2019, accompanied by broad macroeconomic stability. Barring extreme weather-relate shocks,...

Illustration photo (VNA)

Source: VNA


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WB report: Vietnam’s economy continues to show fundamental strength