While Vietnam’s prospects remain positive, World Bank said that the authorities should address the heightened social, financial, and fiscal risks.
There are three reasons why economist Vu Thanh Tu Anh was pessimistic about Vietnam’s economic outlook in 2019: the declining global economy, the unpredictable impacts of the US-China trade war on Vietnam, and Vietnam’s complicated socio-economic issues.
Despite many breakthroughs in 2017, Vietnam economy outlook is still forecasted to face many problems in 2018.
The demand for infrastructure in Vietnam in particular and ASEAN in general is intensified due to the large-scale urbanisation and positive economic outlook. Currently, Vietnam it is leading the South East Asia in infrastructure spending, with the figure being 5.7% GDP.
Vietnam's medium-term outlook remains positive, with GDP growth expected to increase slightly to 6.3% in 2017 - The World Bank (WB) said in a report on Vietnam's economic development published on July 13.
