Vietnam's stable economic growth will be maintained throughout the last three months of this year, with positive signs for the economy. This forecast has been made by Eric Sidgwick , Country Director of Asian Development Bank.
Eric Sidgwick , Country Director of Asian Development Bank.
The Bank maintains its forecast that Vietnam's economic growth this year stands at 6.5%, but next year, this figure could increase to 6.6%.
Such growth is attributable to continuous macro-economic stability, a low inflation rate, and sound fiscal and monetary policies.
Influx of FDI in manufacturing and export activities has enabled the two sectors to grow markedly. Domestic consumers' demand has increased and people are ready to spend more money, further driving economic growth.
