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WB raises VN’s growth forecast (15/6)
16/06/2015 - 17 Lượt xem
However, it increased its economic growth forecast for Viet Nam by 0.4 percentage point compared to the report in January to 6% in 2015, 6.2% in 2016 and 6.5% in 2017.
The positive estimates for the nation’s economic growth are thanks to the sharp development in production, exports and foreign investment.
Earlier in late May, in an interview with the Viet Nam Government Portal’s reporter, the WB chief economist in Viet Nam, Sandeep Mahajan initiated that economic activity continues to firm up in Viet Nam. GDP growth came in at 6% in the first quarter of 2015, the fastest first quarter rate of growth in five years. This followed 6%growth in 2014 – the fastest annual growth rate since 2011.
He also supposed that the inflation has stabilized at low levels, with the consumer price index (CPI) rising by just 0.04% in the first four months of 2015 (relative to the same period last year), reflecting a more prudent macroeconomic policy stance as well as a conducive external environment (low food and commodity prices, in particular) and slow credit transmission by the domestic banking sector.
At the interview, the WB chief economist predicted that exports have held up well (recent slowdown notwithstanding), while strong inflows of FDI and private remittances have been sustained, which has helped Viet Nam strengthen its external balances and build up the foreign exchange reserves.
Source: Chinhphu.vn
