Vietnam’s economic conditions improve further: WB

Vietnam’s economic conditions continued to improve, with both industrial production and retail sales registered a third month of growth, said World Bank in the December edition of its Vietnam Macro Monitoring.

World Bank report said merchandise exports hit a record high of 31.9 billion USD, helping maintain a second consecutive month of trade surplus while FDI commitment recovered after a brief dip in October.

Inflation ticked up due to fuel price hikes, recovering non-food domestic demand and rising logistic costs while credit growth remained stable, providing amble liquidity to support the economy recovery.

According to the report there is also clear need for fiscal policy support to boost private demand and help the domestic economy recover. Providing financial assistance to impacted workers and households would be an essential avenue to achieve this objective./.