ADB: VN’s economic growth may reach 6.7% in 2017, 2018

23:10 - 02/05/2017

The Asian Development Bank (ADB) has adjusted forecasts for Viet Nam’s economic growth in 2017 and 2018 to 6.7% higher than the previous forecasts of 6.3% and 6.5%, respectively.

 

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The ADB announced that over the recent three quarters of 2017, Viet Nam’s GDP growth attained 6.4%, higher than the year-on-year figure of 5.9%. 

The agricultural production witnessed a growth of 2.8% in the first nine months of 2017 thanks to recovery in the Mekong Delta and Central Highlands over droughts. 

Industry and construction maintained strong growth, regardless of reduction in mine and ores and crude oil exploitation. 

The manufacturing and processing industry set a record growth of 12.8%, the highest figure since 2011. 

The growth of the service sector saw an increase of 7.3%, in comparison with the growth of 6.7% of the same period last year. 

The ADB maintained its projection for 5.8% growth for developing Asia in 2018 while hiking its estimate for 2017 to 6.0% from 5.9%.

For Southeast Asia, the ADB boosted its growth projections to 5.2% in 2017 and 2018.

Growth projections for next year were revised upwards for the Philippines, Thailand, Viet Nam, and Singapore.”

source: news.chinhphu.vn

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