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| Vietnam Economic Outlook |
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Despite the economic slump that is affecting other emerging economies in the region, the Vietnamese economy is expected to outperform its regional peers both this year and in the next few. The Prime Minister stated earlier this month that GDP growth for 2015 is expected to be 6.5%—the highest since 2007. He also revealed that the economy is expected to surpass that figure during the 2016–2020 period with growth projected to average 6.5%–7.0%, |
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Economic Forecasts from the World's Leading Economists December 15, 2015 Despite the economic slump that is affecting other emerging economies in the region, the Vietnamese economy is expected to outperform its regional peers both this year and in the next few. The Prime Minister stated earlier this month that GDP growth for 2015 is expected to be 6.5%—the highest since 2007. He also revealed that the economy is expected to surpass that figure during the 2016–2020 period with growth projected to average 6.5%–7.0%, an increase from the 6.0% average recorded during the 2011–2015 period. The government aims to achieve this by consolidating institutions and laws, investing more in education and training and improving the country’s infrastructure. Meanwhile, the Vietnamese government recently approved a USD 3 billion bond issuance plan for the first half of 2016 aimed at reducing the high fiscal deficit and public debt that is expected to rise in the first semester of 2016.
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