HSBC have recently trimmed Vietnam’s 2021 growth forecast from 6.6 per cent to 6.1 per cent, reflecting the impact of the recent outbreak. That said, once Vietnam is able to contain Covid-19, it should regain its momentum quickly.
Vietnam's economic growth is expected to slow down to 6.7 per cent next year in the context of weaker external environment.
Inflation in Vietnam has been on a gradual uptrend, reaching 3.9 per cent this May and expected to be 3.6 per cent in 2018, according to ANZ bank.
ADB projects Vietnam’s economic growth to exceed 7 per cent in 2018, led by robust export growth, rising domestic consumption, and strong investment fueled by continued foreign direct investment.
Compared with the same period in 2016, the average inflation rate in the first six months of 2017 is following a downward pattern.
The country’s inflation this year is forecast to reach 2.6 per cent barring fluctuations of prices on world markets and adjustment in the cost of public services, the National Financial Supervisory Commission (NFSC) reported on Monday.
The current macroeconomic stability provides a favorable environment for businesses' operation and growth.
In the context of increasing inflation expectation since 2016, demand for credit capital and Government's bond issuance continues to be higher and higher, while the pace of investment capital disbursement still remains low, putting pressure on credit demand.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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