Vietnamplus

Vietnam may become a “new tiger” in Asia, commented Italy’s La Repubblica daily after the World Bank raised the Southeast Asian country’s growth forecast.

Preparation for negotiations on a free trade agreement (FTA) between Cambodia and Mongolia has been kick-started in the first inter-ministerial meeting engaging the working group tasked for the negotiations, Cambodia's news agency AKP reported on October 1.

While Vietnam remains significantly exposed to the COVID-19 outbreak and the ongoing turbulence in the global financial markets, its economy stays resilient to external shocks in the first few months of 2020, according to the World Bank (WB).

The National Financial Supervisory Committee (NFSC) has anticipated that Vietnam's gross domestic product (GDP) in 2017 will be more than 6.7 percent.

The World Bank forecast that Indonesia would grow 5.3 percent and 5.4 percent by 2018 and 2019, respectively, higher than 5.02 percent recorded in 2016.

In its East Asia and Pacific Economic Update report, the World bank said large developing economies in Southeast Asia, including Vietnam, will likely expand slightly faster in 2017-18

The World Bank forecast that the Vietnamese economy will grow at a speed of 6 percent in 2015, according to the East Asia and Pacific Economic Update released on October 5.