Standard Chartered: Vietnam’s economy to grow 6.9% in 2019
(VOVWORLD) - Standard Chartered Bank has predicted that Vietnam’s economy will growth at a steady 6.9% in 2019 as the focus shifts to sustainable growth, which is supported by FDI-driven manufacturing and stronger domestic activities. The forecast was released at Standard Chartered’s Global Research briefing held Wednesday in Ho Chi Minh City.
 (Photo: tapchitaichinh.vn) |
According to the Bank’s latest macro-economic report on Vietnam, the manufacturing sector has expanded by double digits for most of the past four years and this pace is likely to continue in 2019 though mildly lower than in 2018 due to the high base and uncertain external environment.
Standard Chartered economists forecast FDI inflows will stay strong in 2019 at close to 15 billion USD and investment into the manufacturing sector, particularly electronics manufacturing, will remain high in the medium term.