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Vietnam leads growth race in ASEAN 2019

by VTV410 December 2018 Last updated at 16:00 PM

VTV.vn - According to a recent report by the Institute of Chartered Accountants in England and Wales (ICAEW), Southeast Asia's average growth rate in 2019 is expected to reach only around 5%, 0.3% lower compared with the 2018 forecast, due to the US - China trade tension and tight monetary policies worldwide.

While Singapore and Thailand decreased nearly 1%, Vietnam, the Philippines, and Indonesia continue having relatively good growth rates, with the decline under 0.5%, and continue being listed in top ten fastest developing economies in the world.

Reviewing the 3rd quarter of this year, the average economic growth in the region tends to slow down, with only Vietnam going up by 0.2%. The main reason, according ICAEW experts, is that Vietnam maintains high demand for domestic products while promoting exports, and its FDI flow is quite stable.

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