Vietnam's gross domestic product growth is forecast to reach 6 percentthis year, gradually increasing to 6.5 percent in 2017, according to theWorld Bank.
The growth is attributable to the continued strong performance of manufacturing, export and foreign investment.
The World Bank made the statement in its "Global Economic Prospects" report, released on June 10.
Growth in East Asia and the Pacific is expected to ease to 6.7 percentthis year and remain stable thereafter, with the continued slowdown inChina gradually offset by a pickup in the rest of the region, which isbenefiting from the strengthening recovery in advanced countries.
Regional countries will mostly benefit from low fuel prices, but theimpact will vary across nations, reflecting the magnitude of net fuelimporters, energy intensity of production, and the share of oil and gasin energy consumption.
The report said developing countriesface a series of tough challenges in 2015, including the loomingprospect of higher borrowing costs in a new era of low prices for oiland other key commodities. This will result in a fourth consecutive yearof disappointing economic growth this year.
Globally, growthis now expected to be 2.8 percent this year, lower than the 3 percentanticipated in January. It is expected to pick up to 3.2 percent overthe next two years.-VNA
The growth is attributable to the continued strong performance of manufacturing, export and foreign investment.
The World Bank made the statement in its "Global Economic Prospects" report, released on June 10.
Growth in East Asia and the Pacific is expected to ease to 6.7 percentthis year and remain stable thereafter, with the continued slowdown inChina gradually offset by a pickup in the rest of the region, which isbenefiting from the strengthening recovery in advanced countries.
Regional countries will mostly benefit from low fuel prices, but theimpact will vary across nations, reflecting the magnitude of net fuelimporters, energy intensity of production, and the share of oil and gasin energy consumption.
The report said developing countriesface a series of tough challenges in 2015, including the loomingprospect of higher borrowing costs in a new era of low prices for oiland other key commodities. This will result in a fourth consecutive yearof disappointing economic growth this year.
Globally, growthis now expected to be 2.8 percent this year, lower than the 3 percentanticipated in January. It is expected to pick up to 3.2 percent overthe next two years.-VNA
