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ECONOMIC NEWS

Vietnam's economic growth is expected to reach 7% this year.

Standard Chartered Bank has just released a report on the global economic economy in the third quarter of 2018, including Vietnam. Accordingly, the bank predicts Vietnam's economy will grow strongly at 7% in 2018, up from the 6.8% forecast previously made by the Bank thanks to the simultaneous acceleration of all Domestic motivation. Construction and manufacturing are expected to continue to be the two areas with the highest growth rates this year. According to the report, FDI inflows to Vietnam will continue to remain high this year, especially in the manufacturing sector, which accounts for nearly 50% of the total FDI attraction. Standard Chartered expects that registered and realized FDI will reach nearly US $ 15 billion in 2018, unchanged from the previous forecast.

Standard Chartered also forecasts Vietnam will have a moderate trade surplus from now to the end of the year thanks to strong growth in exports and slowing imports.

Also according to this report, the SBV may continue to maintain flexible policies in the short term to support growth, although many major central banks in the world have raised interest rates. Standard Chartered forecasts that policy interest rates will not change and the VND will depreciate slightly in 2018. Specifically, the USD / VND exchange rate will increase and reach 22,950 at the end of the third quarter and then to 23,000 by the end of this year.

In the market, the central exchange rate of the central bank closed on July 17 at VND 22,643, an increase of nearly 1% compared to the beginning of the year.

                                                                  N.Tàn

 

                                                       According to the economic life


Date Submitted: 31/07/2018 View: 31.523 Print the article
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