WB reports Vietnam’s G.D.P. growth by 5.5 percent

The World Bank estimates Vietnam’s gross domestic product to increase to 5.5 percent in 2014 and 5.6 percent in 2015, according to the World Bank’s East Asia and Pacific Economic Update released on April 7.

Inflation will reach 7 percent. Economic growth is expected to remain below its potential level (or maximum sustainable) due to macroeconomic policies involving monetary policies and reorganization of state-owned enterprises.

The country will make critical progress after restructuring the economy, according to the World Bank. Equalization and withdrawal of state capital from enterprises will be much more attractive to investors.

Vietnam’s telecommunications equipment export accounts for 6 percent of the East Asia market.

The country’s bank sector should be clear of bad debt with these policies, according to the World Bank.

By Bao Minh - Translated by Uyen Phuong

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