ANZ names Vietnam economy one of three spotlights in Asia

by VTV406 November 2015 Last updated at 08:43 AM

(Photo credit: VCCI)
(Photo credit: VCCI)

VTV.vn - Vietnam will become 1 of the 3 leading Asian economies in the next two years in terms of growth rate, besides India and the Philippines, according to an announcement by ANZ bank on Nov 4th.

ANZ has predicted Vietnam’s growth rate will increase to 6.9% in the next year, 0.3% higher than their previous prediction. It is forecasted that Vietnam’s economy will not be affected by inflation, as growth rate remains below its potential.

Although FDI has become a pillar of Vietnam’s economic growth, it has also increased the demand for imports, leading to a trade deficit. According to ANZ, the VND / USD exchange rate will reach 23,900 VND per dollar by the end of next year.

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