The Asian Development Bank (ADB) has revised down its GDP growth forecast for Vietnam in 2018 to 6.9% from a previous estimate of 7.1% but noted that Vietnam’s economy continued to perform strongly despite domestic and external challenges.

In its latest report released on September 26, the ADB lowered Vietnam’s growth forecast as exports, agriculture, construction and mining are expected to moderate in the second half of the year.
However, the ADB’s figure is still higher than the target of 6.7% aimed for by the Vietnamese government.
The economy expanded by 7.08% in the first half of 2018 and the full-year target of 6.7% is highly likely to be met, said the Ministry of Planning and Investment earlier this week.
At home, inflationary pressure is likely to persist over the near term because of increases in global oil and food prices.
The ADB revised Vietnam’s inflation to 4.0% in 2018 and 4.5% for 2019, up from the April estimates of 3.7% and 4.0%, respectively.

Source: Nhandan.com.vn