Vietnam's Economy Grows Robustly, But Risks Intensify: World Bank
Faizan Hashmi Published December 11, 2018 | 08:28 PM
Vietnam's economic growth is projected at 6.8 percent for 2018, accompanied by broad macroeconomic stability, but risks have intensified and are titled to the downside, the World Bank (WB) said on Tuesday.
According to Taking Stock, the WB's bi-annual economic report on Vietnam, the pace of the country's economic expansion is forecast to remain at 6.8 percent this year, higher than the projected figure of 6.3 percent for emerging markets in the East Asia and the Pacific.
Over the medium term, in line with the global trend, Vietnam will see a slower pace, 6.6 and 6.5 percent in 2019 and 2020, respectively.
Inflation will remain muted at 4 percent as the result of tightening monetary policies, according to the report.
"Despite a challenging global context, Vietnam continues to achieve robust growth accompanied by moderate inflation and a relatively stable exchange rate," said Ousmane Dione, the WB country director for Vietnam.
Related Topics
Recent Stories
Govt committed to developing gems, jewellery sector: Minister
Three new bills introduced in Senate
Nine dead, 1,318 injured in Punjab road accidents
Ukraine, Russia exchange fire, at least seven dead
1st-ever National Sports Revival conference starts next month
Joint venture decided for action against MEPCO’s defaulters
Modern irrigation system imperative to deal with water scarcity: UAF VC
Bringing 4.4mln hectares suitable land under olive cultivation to address econom ..
One woman died after speedy bus overturned
155 killed in Tanzania as heavy rains lash East Africa
Parliament committed to resolve public issues on priority basis: Ghulam Mustafa
Collaborative Care of Diabetes Centre inaugurated in Faisalabad
More Stories From Business
-
Collaborative Care of Diabetes Centre inaugurated in Faisalabad
55 minutes ago -
Kazakh envoy stresses quantum jump in bilateral trade
48 minutes ago -
Thousands of flights scrapped as French air traffic controllers strike
53 minutes ago -
SECP proposes amendments to General Takaful Accounting Regulations, 2019
53 minutes ago -
Govt committed to developing gems, jewelry sector: Minister
1 hour ago -
Pakistan earns $1,976 million from IT services' export in 8 months
2 hours ago
-
Turkey central bank holds key interest rate steady
46 minutes ago -
PSX loses 80 points
3 hours ago -
Ahad Cheem lauds UNDP’s cooperation
3 hours ago -
Rupee sheds 09 paisa against dollar
46 minutes ago -
Chinese tech behemoth enters game amid global EV surging trend
46 minutes ago -
London stocks hit new record on blockbuster mining takeover bid
3 hours ago