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Standard Chartered: Vietnam’s GDP growth to reach 6.6 pct

Vietnam’s GDP is expected to grow at 6.6 percent in 2017 following a drought-induced slowdown in 2016, according to Standard Chartered Bank’s Global Research Briefing.
Standard Chartered: Vietnam’s GDP growth to reach 6.6 pct ảnh 1Illustrative image (Source: http://vietstock.vn)

Hanoi (VNA) – Vietnam’s GDP is expected to grow at 6.6 percent in 2017following a drought-induced slowdown in 2016, according to Standard CharteredBank’s Global Research Briefing.

Strongmanufacturing growth is likely to remain the key growth driver in 2017.

Thereport expects FDI inflows in Vietnam to slow mildly in 2017 but still remainhigh, at close to 10 billion USD.

Exportsare forecast to increase slightly, capped by still-slow demand from marketssuch as the US and the EU.

Onthe other hand, inflation is likely to pick up, averaging 4.3 percent while interestrate policies seem to be unchangedand any devaluation of the Vietnam dong (VND) will be mild. –VNA
VNA
#GDP growth#Standard Chartered Bank#Global Research Briefing
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