Vietnam’s economy remains resilient: ADB

26/09/2019, 10:50

In its Asian Development Outlook 2019 Update launched on September 25, ADB noted that while Vietnam’s gross domestic product growth moderated in the first half of 2019, it will remain resilient this year and next year despite a weaker external environment.Inflation forecasts are revised down to 3 percent from 3.5 percent for 2019 and 3.5 percent from 3.8 percent for 2020.According to ADB, the recent signing of a free trade agreement with the European Union and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership promises to further open market access for trade and investment. A recent amendment to the Public Investment Law should improve public investment by accelerating processes, simplifying procedures and enabling faster disbursement of public investment.While retaining the growth outlook for Vietnam for this year and the next, the report also highlighted...

Goods are loaded at the Hai Phong International Container Terminal in the

 northern city of Hai Phong (Photo: VNA)

Source: VNA


Related articles

(0) Comments
Focus
Exploring the wavy pass in the old jungle
Dai Ninh Pass is not the highest area in the Phan Son and Phan Lam forests, but this is the peak of the National Highway 28B connecting the two provinces of Binh Thuan and Lam Dong. The starting point is Luong Son Town, Bac Binh district, and the final point is adjacent to Highway 20 in Ninh Gia commune, Duc Trong district (Lam Dong), with a length of nearly 70 km.
Do not miss
POWERED BY ONECMS - A PRODUCT OF NEKO
Vietnam’s economy remains resilient: ADB