WB maintains VN’s economic growth rate forecast

VGP – Viet Nam’s economic growth rate will reach 5.5% this year, according to the World Bank (WB).

June 12, 2014 10:04 AM GMT+7

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The growth rate of almost all the nations in East Asia and the Asia Pacific has not changed, based on the WB's latest Global Economic Prospects report.

Viet Nam’s economy will achieve the growth rate of 5.6% in 2015 and 5.8% in the next years, says the report.

The forecast has been maintained as the same in the East Asia and Pacific Update released on April 7.

The WB supposed that Viet Nam will continue to enjoy benefits on the back of the recovery of the world’s demands.

The Government bond interest rates in the region vigorously decreased, around 200 basis points lower than early 2013. This shows that the inflation has reduced. The financial situation has stabilized including the prevention of bad debts.

Currently, the business belief for Viet Nam has risen sustainably.

By Thuy Dung