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Vietnam is the fastest growing economy in ASEAN

by VTV414 August 2019 Last updated at 10:17 AM

VTV.vn - In the global economic report for the third quarter of 2019, Standard Chartered Bank forecasts that Vietnam will continue as ASEAN's fastest-growing economy in the short term, with expected growth of 6.9% in 2019.

The production sector with foreign direct investment (FDI) is expected to increase by double digits for the fourth year in a row and act as the main growth driver. According to the macroeconomic research report, FDI inflows will continue to flow strongly into Vietnam this year, especially in the manufacturing sector, with total capital expected to reach 18 billion USD. As for inflation, Standard Chartered Bank forecasts this figure will increase modestly in the second half, averaging 2.8% compared to 2.6% in the first half.

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