That statistic increased from 6.5% in April of last year. According to World Bank economists, the reason for this adjustment was due to Vietnam's positive economic growth during the last three quarters along with increases in exports and other areas.
Vietnam's forecast is better than the rest of the East Asia Pacific region by 0.5%. Protectionism and volatility in financial markets will continue to be a challenge for medium-term growth for countries in East Asia including Vietnam.
According to World Bank experts, the four ways to handle these risks are by having prudent macroeconomic policies and flexible exchange rates, continuing to open up investment and trade, deepening internal economic reform, and enhancing economic security.
