The company has made three main predictions.
Although Vietnam's economy grew by nearly 7.1% in 2018, the economy will be increasing its openness to foreign investment. This means that the nation will be affected by the forecasted global economic slowdown due to escalating trade protectionism and the tightening of monetary policies. It said the manufacturing sector will still be the main growth driver for Vietnam's economy this year.
Fitch Solutions also forecast that Vietnam's real GDP growth in 2019 will be 6.5% but will remain one of the fastest growing economies in the region.
