ADB: Vietnam growth to continue acceleration through 2018
growth of 6.5% expected this year, 6.7% for 2018
A report released Monday by the Asian Development Bank forecasts Vietnam’s GDP growth to continue its ascent on improvements in manufacturing, construction, wholesale and retail trade and tourism sectors, reports Saigon Giai Phong Daily.
Despite expectations of depressed global and regional trade flows, record inflows of foreign direct investment will help lift export earnings.
The country’s agricultural sector, however, continues to lag behind that of other regional economies, and requires reforms to increase productivity.
Vietnamese agricultural output per worker is less than one-third of Indonesia’s and less than half that of the Philippines and Thailand, according to the report.