World Bank raises growth forecast

by VTV403 December 2015 Last updated at 16:17 PM

VTV.vn - Vietnam’s economy has weathered the recent turbulence affecting the world economy fairly well, according to the World Bank’s Taking Stock report, published on Wednesday.

The World Bank upgraded its forecast of Vietnam's economic growth to 6.5% for this year and 6.6% in 2016. This figure is lower than the government target of 6.7% but optimistic given regional comparisons. The estimate is underpinned by growth in domestic demand and among processing, manufacturing industry. Inflation is deemed to remain low and businesses are expected to benefit from monetary policy. However, the bank still expressed concerns about Vietnam’s current negative net exports and the instability of global financial market that could affects Vietnam economy in the future.

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