Standard Chartered anticipates Vietnam’s economic growth at 6%

The UK’s Standard Chartered Bank anticipates Vietnam’s economic growth will be 6% in 2016 and 6.6% in 2017, Saigon Giai Phong (Liberated Saigon) newspaper reported.

standard chartered anticipates vietnam’s economic growth at 6% hinh 0
According to the bank’s latest Global Research, manufacturing and construction are likely to remain the sectors driving growth, despite poor performance in agriculture.

The report acknowledged that in the context of a gloomy world economic outlook, Vietnam is one of few attractive investment destinations for foreign investors and expected foreign direct investment to continue to flow into the country in the last half of 2016.

However, the report reckoned that the country’s inflation in the remaining months of this year will increase by 2.6% due to greater spending.

Regarding exchange rates, the bank recognised that VND has continued to demonstrate resilience, despite broader market volatility post-Brexit and the VND/USD exchange rate is expected to remain steady at about VND22,400 per US$


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