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Int’l economists expect Vietnam’s economy to grow rapidly in 2017

Vietnam will continue to be an economic highlight in Southeast Asia in 2017, according to international economists.
Int’l economists expect Vietnam’s economy to grow rapidly in 2017 ảnh 1Illustrative image (Source: VNA)
 

Hanoi (VNA)💜 – Vietnam will continue to be an economic highlight inSoutheast Asia in 2017, according to international economists.

TheStar Online, a Malaysian daily, wrote Vietnam will maintain its high growthrate in 2017 with increasing exports. Thelicensing of major enterprises such as Samsung Electronics Co has turned theSoutheast Asian country into an electronic exporter, said The Star. Meanwhile,the Asian Development Bank expected Vietnam’s economy to grow at 6.3 percent.  Thecountry will enjoy fast growth in the next few years while expanding its globalexports, according to Frederic Neumann, Co-head of Asian Economics and ManagingDirector of HSBC Hong Kong (China). Foreignfirms will keep investing in Vietnam to take advantage of its cheap and skilledlabour, he added. Healso noted that Vietnam has bright prospects and will be one of the biggesteconomies in Asia.  Bloombergreported that shares of Vietnamese businesses are valued higher than those ofother Southeast Asia firms, thanks to the stability of marco economic indexesand domestic politics. Thetime is ripe for international companies to increase investment in Vietnam asthe country’s government has accelerated the equitisation of state-ownedenterprises.  However,international media also warned of potential risks threatening Vietnam’seconomy.  BusinessInsider news said a loose monetary policy will pose challenges to Vietnam whilefinancial experts of Swiss Credit Suise predicted Vietnam’s economy might bethreatened by US president-elect Donald Trump’s policies.-VNA
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