World Bank raises growth forecast

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.