Vietnam's economy grows robustly, but risks intensify: WB
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E-mail Xinhua, December 11, 2018
HANOI, Dec. 11 (Xinhua) -- 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. Enditem
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