WB forecasts Vietnam GDP at 5.3 percent in 2013

World Bank (WB) forecast that Vietnam’s economic growth will be at 5.3 percent this year, and 5.4 percent in the next two years, in a report released on Monday.

The report also said that the country’s inflation will possibly reach 8.8 percent in 2013 then decline to 7.4 percent and 7.7 percent in 2014 and 2015, respectively.

According to the WB, the country’s macro-economy will continue to post stable improvement as policies and measures implemented during the past two years have helped to reduce inflation, strengthen fiscal and external deficit and stabilize the exchange rate.

By Bao Minh – Translated by Thuy Doan

Other news