World Economy

Vietnam Q1 Growth to Rise

Vietnam Q1 Growth to RiseVietnam Q1 Growth to Rise

Vietnam’s economic growth will quicken to an annual rate of 5.4% in the first quarter ending March, a government thinktank forecast on Monday, Business Recorder said. “This trend will continue in the following quarters and the growth target of 6.2% for the whole of 2015 is feasible,” the National Financial Supervisory Commission said in a report, echoing a government forecast of economic growth for the year. Monday’s forecast compares with gross domestic product growth of 5.06% in the first quarter of 2014 from a year before, government data show. Annual average inflation would slow to 3% this year due to low oil prices, it said.