(VOVworld) – The Qatar National Bank said in its economic commentary on March 28 that Vietnam is expected to remain one of fastest growing emerging markets (EMs) under the new leadership.
Vietnam’s economy is likely to grow over 7 percent and above in 2016 and 2017. QNB said statements from the Communist Party of Vietnam (CPV) following the Congress committed to continued reforms aimed at the banking sector, state-owned companies and macroeconomic liberalization.
As a result, the outlook for Vietnam remains positive, in line with the forecasts they published in the December report for growth of 7 percent in 2016 and 7.5 percent in 2017. In 2015, Vietnam’s real GDP growth accelerated to 6.7 percent from 6 percent the previous year, making it one of the fastest growing emerging markets.
Vietnam’s outperformance has been driven by strong export growth, despite a weak global environment, supported by a number of factors.