ADB representatives at the report launch on Wednesday. The bank retained its growth forecasts for Viet Nam at 6.8 per cent in 2019 and 6.7 per cent in 2020. — VNS Photo Mai Huong The Asian Development Bank (ADB) forecasts a moderate deceleration for Viet Nam’s growth this year and next, but says Viet Nam is still a standout in Asia with stable development thanks to resilient domestic demand and sustained inflows of foreign direct investment (FDI). In its Asian Development Outlook 2019 Update released on Wednesday, the bank retained its growth forecast for Viet Nam at 6.8 per cent in 2019 and 6.7 per cent in 2020, after exceptionally high growth of 7.1 per cent last year. Viet Nam’s growth prospect outperformed ADB’s projection for the average growth of developing economies in Asia (excluding Hong Kong, Taiwan, Singapore and Republic of Korea), which was revised down from 5.7 per cent to 5.4 per cent in 2019, and 5.6 per cent to 5.5 per cent in 2020. Forecasts for average inflation have been revised down to 3 per cent from 3.5 per cent for 2019, and to 3.5 per from 3.8 per cent for 2020. “Despite a slowdown in export… Read full this story
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