Cat Lai Port in HCM City (Photo: VNA)Hanoi (VNA) – The Asian Development Bank(ADB) has revised up Vietnam’s economic growth forecast to 6.7 percent for both2017 and 2018, compared to previous forecasts of 6.3 percent and 6.5 percent,respectively.
The first three quarters of 2017 saw GDP grow by 6.4percent, up from 5.9 percent in the same period of last year, the bank said ina supplement to its Asian Development Outlook Update 2017 report released onDecember 13.
Vietnam’s agriculture recovered and grew 2.8 percent inthe first nine months of this year as drought eased in the Mekong Delta and theCentral Highlands. Industry and construction remained strong despite theweakening mining and oil subsector that fell by 8.1 percent in the first halfof the year.
The report also mentioned the robust growth of themanufacturing sector that expanded by 12.8 percent in the first three quartersof this year, the sector’s highest rate of growth since 2011. Manufacturinggrowth in the last quarter is likely to exceed growth in the first threequarters.
The services growth surged to 7.3 percent from 6.7percent in the corresponding period in 2016, thanks to buoyant tourism andstrong banking activity.-VNA
VNA
