Vietnam expects to maintain gdp growth rate, control inflation

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The International Monetary Fund (IMF) estimates that Vietnam’s inflation this year will be around 3.9%, below the Vietnamese government’s target of 4%.

Meanwhile, the country’s GDP growth rate is expected to reach 6%. The Hong Kong and Shanghai Banking Corporation (HSBC) forecast Vietnam’s inflation rate to reach 3.5% this year, with the country’s GDP growth rate at 6.9 %.

Furthermore, according to international news sources, Vietnam’s inflation is still under control and its job creation rate has quickened, paving the way for the manufacturing sector to recover strongly.

The Standard Chartered Bank forecast Vietnam’s economic recovery to be quicker in the second half of this year. However, Vietnam should still be cautious about the risks of inflation and financial instability.

The government needs to implement flexible policies to manage the cash flow and create favorable conditions for businesses to access capital in to restore their production.

VTV

For more information, please contact Vietnam Trade Office in Singapore at [email protected]