Vietnam’ economy shows resilience against global headwinds

The Vietnamese economy has shown resilience in the face of global headwinds, said in a recent article posted on the East Asia Forum by Suiwah Dean-Leung, Honorary Associate Professor of Economics at the Crawford School of Public Policy, Australian National University.

The article says Vietnam's GDP growth is estimated by the World Bank to be around 6 percent for 2016, higher than the larger ASEAN economies of Indonesia, Malaysia, and Thailand. The inflation index was low, the Vietnamese dong remained reasonably steady against the US dollar for much of the year, and foreign reserves rose steadily. However, Vietnam should try to maintain its macroeconomic stability as it faces the significant challenges and increased uncertainty of international trade and investment.

Source: VOV5