(VOVworld) - Early signs show that Vietnam’s economic recovery is on track, according to the World Bank (WB)’s Taking Stock report. At a meeting to release the report in Hanoi on Wednesday, Sandeep Mahajan, Chief Economist and Head of the Report Group on Economic Review of the World Bank said that initial indexes show that Vietnam’s economy is recovering and Vietnam’s economic growth is expected to improve from 5.4% in 2013 to 5.6% in 2014. According to the report, Vietnam’s inflation indexes remained stable in 2014 at about 5%, which is also the forecast figure for 2015 while Vietnam’s economic growth in 2015 is likely to be 5.6%.

This positive outlook is largely due to the country’s ongoing macroeconomic stability and the continued strong performance of the foreign-invested manufacturing export sector. Mr. Sandeep Mahajan said: “Positive macroeconomic conditions seems to have been recognized by the investor community and contributed to Vietnam’s improved sovereign risk ratings. Vietnam has successfully tapped the global capital market by issuing bonds for 1 billion USD with interest rate of 4.8% annually. The underlying factor behind the broad pattern of economic recovery is the continued strong performance and optimism of foreign direct investors”