(VOVworld) - The Vietnam Economic Report (VER) 2015 was made public at a workshop in Hanoi by the Vietnam Centre for Economic and Policy Research (VEPR), the University of Economics and Business, and the Australian Embassy.

Vietnam's economic prospect in 2015

The report consists of in-depth analysis of Vietnam’s basic economic issues, the global economy in 2014 and its impacts on Vietnam’s economy in the future. VEPR Director, Nguyen Duc Thanh, said some world economic factors may affect Vietnam’s economy including the US’s plan to tighten monetary policies using the interest rate in June which may cause some pressure on exchange rates in import countries.
World oil prices are predicted to gradually surge due to limited supply, thus local transport businesses won’t see profits from price drops, similar to that in 2014.
The growth of economies in the US, the EU and Japan – all major trade partners of Vietnam – will be brighter in 2015, which will benefit Vietnam’s exports to those countries. However, local businesses need to continue to improve the quality of products to meet the demand in a market with strict technical barriers, Thanh said.