World Bank optimistic about economic prospects

by VTV405 October 2017 Last updated at 10:29 AM

(Photo illustrated: Nhan Dan)
(Photo illustrated: Nhan Dan)

VTV.vn - The World Bank expressed its optimism about Vietnam's economic growth in its East Asia and Pacific Economic Update report released on Oct 4th.

Specifically, the World Bank said that Vietnam's economy would continue its 6.3% GDP growth this year thanks to increasing domestic demand, development of processing and manufacturing for exports as well as a recovery in the agriculture sector.

The country's macro-economy is expected to remain stable in the coming time. However, Vietnam may face risks in the long-term due to slow improvement in fiscal policies and fast credit growth.

The country could also be affected by declining global demand as it depends heavily on foreign trade.

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