Viet Nam: Economy

Vigorous expansion of manufacturing and construction in 2015 spurred the fastest economic growth in Viet Nam in 7 years. Foreign direct investment is seen supporting strong growth through the forecast period. Inflation will revive but remain relatively modest. The current account is forecast to slide into a small deficit. Reforms to banks and state enterprises continue to make gradual progress, but an emerging need is better management of rapid urbanization. Read more from Asian Development Outlook 2016

 

Forecasts

Southeast Asian Countries 2016 2017
Brunei Darussalam 1.0 2.5
Cambodia 7.0 7.1
Indonesia 5.2 5.5
Lao People’s Dem. Rep. 6.8 7.0
Malaysia 4.2 4.4
Myanmar 8.4 8.3
Philippines 6.0 6.1
Singapore 2.0 2.2
Thailand 3.0 3.5
Viet Nam 6.7 6.5
Average 4.5 4.8
Southeast Asian Countries 2016 2017
Brunei Darussalam 0.2 0.4
Cambodia 2.5 3.0
Indonesia 4.5 4.2
Lao People’s Dem. Rep. 1.8 2.5
Malaysia 2.7 2.5
Myanmar 9.5 8.5
Philippines 2.3 2.7
Singapore -0.6 0.4
Thailand 0.6 2.0
Viet Nam 3.0 4.0
Average 2.6 2.9
Southeast Asian Countries 2016 2017
Brunei Darussalam -1.3 2.0
Cambodia -11.1 -10.0
Indonesia -2.6 -2.8
Lao People’s Dem. Rep. -17.0 -20.0
Malaysia 1.2 2.3
Myanmar -8.3 -7.7
Philippines 2.7 2.8
Singapore 18.8 19.5
Thailand 7.5 4.0
Viet Nam -0.2 0.0
Average 2.8 2.7

Source: Asian Development Outlook 2016