The World Bank (WB) has forecast that Vietnam’s economy will grow 5.6 percent in 2015, the same level as last year.
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 percentin 2016 and 6 percent one year later.
Vietnam’s economy maygrow stronger in the years to come thanks to recent political-economicreforms and sharply increasing foreign direct investment (FDI) flows,said the report.
“In Vietnam, althoughmacroeconomic stability is solidifying, banking sector balance sheetsneed to be strengthened to improve access to credit,” the WB said,adding that regulatory reform is also needed to level the playing fieldfor private businesses – especially domestic ones – in relation tostate-owned enterprises.
The WB report also indicated that theAsia-Pacific growth is expected to ease slightly to 6.7 percent in 2015from 6.9 percent in 2014 and remain stable over the projected period.
Inthe Southeast Asian region, some economies such as Cambodia, Myanmarand Malaysia are forecast to grow slower than 2014.
Meanwhile,the Philippines, Indonesia and Thailand will see remarkableeconomic growth in the next two years after a series of political andeconomic fluctuations last year.-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 percentin 2016 and 6 percent one year later.
Vietnam’s economy maygrow stronger in the years to come thanks to recent political-economicreforms and sharply increasing foreign direct investment (FDI) flows,said the report.
“In Vietnam, althoughmacroeconomic stability is solidifying, banking sector balance sheetsneed to be strengthened to improve access to credit,” the WB said,adding that regulatory reform is also needed to level the playing fieldfor private businesses – especially domestic ones – in relation tostate-owned enterprises.
The WB report also indicated that theAsia-Pacific growth is expected to ease slightly to 6.7 percent in 2015from 6.9 percent in 2014 and remain stable over the projected period.
Inthe Southeast Asian region, some economies such as Cambodia, Myanmarand Malaysia are forecast to grow slower than 2014.
Meanwhile,the Philippines, Indonesia and Thailand will see remarkableeconomic growth in the next two years after a series of political andeconomic fluctuations last year.-VNA
