World Economy

Vietnam GDP to Rise

Vietnam GDP to RiseVietnam GDP to Rise

Vietnam’s economic growth could reach 6-6.2% this year underpinned by further recovery in domestic demand, in turn reflecting robust private consumption and investment growth, according to the World Bank’s latest Taking Stock report, Thanh Nieh News reported. The medium-term outlook for Vietnam is positive on balance in the context that growth in developing East Asia and Pacific is expected to further ease mainly due to the continued, gradual slowdown in China, the report said. In April the bank had forecast 6% GDP growth for Vietnam in 2015. Growth in the first half of the year is estimated at 6.28%, the fastest in the past five years the semi-annual review said.