WB keeps Vietnam’s GDP growth at 5.6 percent in 2015

The World Bank (WB) has forecast that Vietnam’s economy will grow 5.6 percent in 2015, the same level as last year.

Producing copra for export (VNA)

According to the bank’s report “Global Economic Prospects 2015” released on January 13, Vietnam’s gross domestic product (GDP) growth will further improve in the next two years, reaching 5.8 percent in 2016 and 6 percent one year later.

Vietnam’s economy may grow stronger in the years to come thanks to recent political-economic reforms and sharply increasing foreign direct investment (FDI) flows, said the report.

“In Vietnam, although macroeconomic stability is solidifying, banking sector balance sheets need to be strengthened to improve access to credit,” the WB said, adding that regulatory reform is also needed to level the playing field for private businesses – especially domestic ones – in relation to state-owned enterprises.

The WB report also indicated that the Asia-Pacific growth is expected to ease slightly to 6.7 percent in 2015 from 6.9 percent in 2014 and remain stable over the projected period.

In the Southeast Asian region, some economies such as Cambodia, Myanmar and Malaysia are forecast to grow slower than 2014.

Meanwhile, the Philippines, Indonesia and Thailand will see remarkable economic growth in the next two years after a series of political and economic fluctuations last year

Source: VNA

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.