Vietnam is forecast to continue maintaining high economic growth in 2016, according to some international organisations.
Standard Chartered’s Global Research report recently released said that Vietnam would become the second fastest-growing economy in Asia in 2016, behind only to India.
The bank’s economists are upbeat about the economic outlook for the country, with strong FDI expected to continue this year.
Vietnam’s economy is forecast to expand 6.7% this year, the same pace as in 2015, according to business newswire Bloomberg’s surveys.
Earlier, the World Bank predicted that Vietnam’s economy would accelerate from 6.5% this year to 6.6% in 2016 in an updated report released in late December 2015.
The Taking Stock report says Vietnam’s strengthened economic growth is underpinned by a continuing recovery in domestic demand, particularly private consumption and investment growth, and strong export-oriented manufacturing.
HSBC said that Vietnam's GDP would grow 6.7% in 2016.
Meanwhile, ANZ forecast that Vietnam’s economic growth would reach 6.9% this year before slowing to 6.5% in 2017.
The Vietnamese government has set a GDP growth target of 6.7% in 2016.
