WB raises Vietnam’s 2015 GDP growth forecast

The World Bank yesterday forecast Vietnam’s GDP growth in 2015 at 6.0 percent in its latest Global Economic Prospect report, changing from its previous projection released earlier this year that the country’s GDP growth at 5.6 percent.

Among 9 developing countries in East Asia this year, only Vietnam is forecast to improve GDP growth in the year. Explaining this, WB experts said that decrease in oil price has positively affected on society and economy.

In addition, WB representative highly appreciated the country government’s efforts in stabilizing its economy and FDI attraction.

Moreover, WB pointed out that negotiating commercial agreements  will bring more opportunities to Vietnamese enterprises and help the country have large market

However, WB experts said that the country government should restructure banking and state enterprises and more concentrate on operation effectiveness and competitiveness capacity. It raised concerns on increased state debts.

By Bao Minh - Translated by Anh Quan

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