World Bank raises Vietnam's 2015 growth forecast to 6.0-6.2%

The World Bank on Monday revised its forecast for Vietnam's economic growth this year to 6.0-6.2 per cent, from 6.0 per cent previously, citing robust private consumption and investment. 

PHOTO: REUTERS

JUL 20, 201512:00 PM

[HANOI] The World Bank on Monday revised its forecast for Vietnam's economic growth this year to 6.0-6.2 per cent, from 6.0 per cent previously, citing robust private consumption and investment.

In a report, the bank also lowered Vietnam's 2015 annual inflation forecast to 2.5 per cent from an initial projection of 4.5 per cent, underpinned by low global energy and food prices.

The World Bank issues a report reviewing Vietnam's economic performance every six months.

REUTERS