GDP growth predictions downsized to 6%

Credit Suisse previously warned that Vietnam and Singapore would be the most affected countries in Asia by a potential UK exit from the European Union as exports to the EU market account for 6%-7% of total GDP. Another international organisation Business Monitor International has also lowered its forecast for Vietnam’s GDP growth in 2016 to 5.9%. Meanwhile, business wire Bloomberg suggested the country’s agriculture sector was a barrier for Vietnam’s GDP growth. The worst drought in the last 3 decades has influenced production and exports of major products such as rice and coffee, lowering the GDP growth rate.