A corner of Hanoi City. (Photo: Internet)

(VOVworld) - BMI Research, a Fitch Group company, has forecast positive prospects for Vietnam’s economy in the remaining months of this year with GDP growth rising to 6.4% in 2015 from 6.0% last year.

In its latest report, BMI Research said it has maintained a positive view of Vietnam’s economy thanks to positive prospects of the foreign direct investment (FDI) inflow and efforts by the Vietnamese government to improve Vietnam’s business environment with greater involvement by the private sector and enhanced capacity in the banking sector.

According to the report, Vietnam’s manufacturing sector will continue to be the driving force for economic growth in the coming quarters.

Foreign producers and manufacturers will continue to be attracted to investing in Vietnam thanks to relatively low labor costs, a number of tax reductions for investors, and a young, dynamic labor force.

Vietnam also has strong potential in the construction and real estate sectors. The relaxation of the rules of property ownership for foreigners, effective in July 2015, allows foreign investors to participate more in Vietnam’s real estate market.

BMI Research said if Vietnam continues its loose monetary policy and continues to reduce the rate of inflation it will spur construction and real estate sectors.

The report said Vietnam will continue to attract FDI in the coming quarters and years thanks to continuous efforts to consolidate its macroeconomic stability.