Thursday, September 20, 2018 3:31:24 PM - Markets open
VN-INDEX 1,004.74 +9.20/+0.92%
HNX-INDEX 115.06 +0.86/+0.75%
UPCOM-INDEX 52.99 +0.53/+1.01%
Vietnam’s economy to grow by 6.5 percent in 2018: WB report
VietnamPlus - 4/13/2018 11:13:23 AM
 (0 ratings. You must sign in to rate.)
The World Bank (WB) forecasts Vietnam’s economic growth to stabilise around 6.5 percent in 2018 in its East Asia-Pacific Economic Update released on April 12.
 
The growth is projected to rise further in the short run, if the global recovery remains intact, the bank said.
 
According to the report, while inflation is predicted to remain moderate thanks to a benign global price environment, strong wage growth may ultimately lift core inflation. External balances are projected to benefit from robust exports and FDI inflows.
 
However, the report stressed that there are significant challenges, despite the generally favourable medium-term outlook.
 
“Domestically, a slowdown in structural reforms could weaken the ongoing recovery and weigh on Vietnam’s medium-term potential growth. There is also a risk that fiscal consolidation may erode pro-poor fiscal expenditure and investment in human and physical capital. Externally, strong trade and investment links expose Vietnam’s economy to risks associated with a potential rise in protectionism and a possible weakening of external demand,” WB said.
 
These risks call for further steps to enhance macroeconomic resilience, including more exchange rate flexibility, a further buildup of foreign reserves, and responsive monetary and macroprudential policies that moderate credit expansion and bolster capital buffers in the banking sector, it suggested.
 
On the fiscal front, there continues to be a need for deeper revenue and expenditure reforms, including broadening tax bases, right-sizing of the public administration, and higher value for money in public investment, the bank said, adding that steps to solidify macroeconomic stability need to be accompanied by progress on structural reforms to lift productivity and potential growth, including steps to reform the State-owned enterprise sector, improve the regulatory environment, and enhance factor markets, including land and capital.-VNA
 
Read original article here
Newer News
10:53 Vietnam’s seafood exports to ASEAN expected to reach 1 billion USD soon
10:51 Vietnam’s agro-aquatic products strive to penetrate Russian market
18/09 Trade between Vietnam and India records surge
18/09 Vietnam qualified to export catfish to the US
17/09 Vietnam becomes increasingly attractive to foreign investors
14/09 Vietnam’s imported petroleum up 26.4 percent in eight months
06/09 Thai Nguyen emerges as ideal destination for foreign investors
06/09 FDI – a successful part in Vietnam’s economic development: WB economist
04/09 Vietnam’s industrial production expands 11.2 pct in 8 months
31/08 Vietnam, China to open new border gate pair
Older News
12/04 Garment-textile sector targets green production
11/04 Vietnam exports rambutan to New Zealand
09/04 Fuel prices rise second time this year
07/04 Vietnam’s fruit, vegetable exports up 33.4 percent in Q1
06/04 Vietnam attracts US$3.34 billion in FDI
06/04 EVFTA to boost textile firms’ exports
05/04 Tra fish industry grapples with export difficulties
03/04 Coffee export volumes jump, value falls in Q1
03/04 VN Index hits new high on PMI result
03/04 Industry expected to contribute 40 percent to GDP by 2030
 
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Market Update
Last updated at 3:11:00 PM
VN-INDEX 1,004.74 +9.20/+0.92%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.