Vietnam's economic growth forecast upgraded

by VTV408 October 2017 Last updated at 07:47 AM

VTV.vn - The Hong Kong and Shanghai Banking Corporation (HSBC) has just raised Vietnam's growth forecast from 6.0% to 6.6% in 2017, according to its latest report.

The new adjustment was made following impressive GDP growth of 7.5% in the third quarter and 6.4% between January and September this year. The report attributed the rise to increased exports of textiles and electronics. FDI saw a sharp rise to about 14.5 billion US dollars, and soaring tourism were also contributors to growth rate. The number of tourists since the beginning of 2017 increased by 30% compared to the same period of last year. HSBC also believed the Vietnamese economy may expand by 6.4% next year if the current growth rate is maintained.

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2024-12-22 13:12 UTC