IMF forecasts 6.5% for Vietnam’s economic growth in 2017

The International Monetary Fund (IMF) has projected Vietnam's economic growth in 2017 at 6.5%, the highest among all Asian countries, and 6.3% for next year.

The IMF said Vietnam gains higher economic growth thanks to higher domestic consumption, recovery of agricultural productivity, and growth in the industry sector, which is largely contributed by foreign direct investment (FDI) enterprises.

It described Vietnam's fiscal policy as supportive but less influential on the economy. According to IMF's report, GDP growth of the ASEAN 5 (including Indonesia, the Philippines, Thailand, Malaysia, and Vietnam) will exceed 5% per year from now until 2022.

Source: VOV5