WB: Vietnam’s economy to grow by 6.8 percent in 2018

TIN LIÊN QUAN
	Deputy PM chairs meeting on use of WB, ADB loans
	Vietnam wants World Bank’s support in food safety

Earlier in April 2018, the bank forecasted Vietnam’s economy to grow by 6.5 percent this year.

A corner of Ho Chi Minh City - the southern economic hub of Vietnam. (Photo: Cafef.vn)

According to the bank’s latest report, growth in the East Asia and Pacific region is expected to remain solid, slowing marginally to 6.3 percent in 2018 and to an average of 6.1 percent in 2019-2020.

Conditions are mostly favourable for the region in 2018, with robust global trade, moderate borrowing costs and sustained capital inflows.

Private consumption continues to be supported by solid consumer confidence and rising household wealth, amid mild inflation.

Regional financial markets have remained buoyant, despite volatility in early and mid-2018 related to the prospects of monetary policy tightening in advanced economies and escalating trade tensions.

Bond spreads in some countries have increased, following volatility in stock markets, but remain close to low levels of 2017.

Domestic monetary conditions have tightened somewhat and prudential policies have kept credit growth in check.

World Bank report: Vietnam continues to reduce poverty Poverty in Vietnam continues to fall, particularly amongst ethnic minorities, who saw their rate of poverty decline significantly by 13 percentage points, the largest decline ...

WB to help Vietnam in public transport development, drainage planning The World Bank (WB) wants to further its help for Vietnam in public transport development and drainage planning by 2030 with a vision towards 2050, ...

WB-funded project helps Vietnam improve energy efficiency The World Bank (WB) and the Vietnam Ministry of Industry and Trade jointly launched a 102 million USD project on March 5 to support the ...