Improved macro-economic foundations, together with strong investment levels and exports, are expected to continue helping to drive Vietnam’s growth forwards. Vietnam’s big potential is expected to see a brighter outlook On Wednesday next week (September 26), the Asian Development Bank (ADB) will officially launch its Asian Development Outlook Update 2018. It is expected that the bank will continue its optimistic view on Vietnam’s economic outlook. Recently the ADB issued its Asian Development Outlook Supplement report, with a projection that the country’s economic prospects will continue to be bright, at 7.1% in this year and 6.8 % next year. All economic sectors of the country are experiencing quicker growth in 2018 than in 2017. The index of industrial production has climbed to the highest eight-month level since 2011, at 11.2% annually, boosted by strong global demand for exports and continued foreign direct investment (FDI). The General Statistics Office reported that in this year’s first eight months, total retail and consumption services revenue rose to the highest eight-month level since 2015, at 11.2% annually, while agriculture almost doubled to 4.1% growth from 2.1 % in the same period last year. As of August 20, 2018, Vietnam had 26,438 valid FDI projects, registered… Read full this story
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