Goods are loaded at the Hai Phong International Container Terminal in the
northern city of Hai Phong (Photo: VNA)Source: VNA
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