IMF forecasts Vietnam’s economic growth for 2015 at 6%



NDO - The International Monetary Fund (IMF) expects the Vietnamese economy to grow by 6% in 2015.


It is the second fastest pace in the ASEAN-5 group, which includes four other countries ─ Indonesia, Malaysia, Thailand and the Philippines ─ according to the IMF’s World Economic Outlook report.


The projection is similar to a forecast earlier this week by the World Bank, which upgraded Vietnam’s growth for 2015 by 0.5 percentage point.


According to the IMF, ASEAN-5’s average growth in 2015 is expected to reach 5.2% with the Philippines posting the largest expansion at 6.7% before slowing to 6.3% the following year.


The IMF also sees Vietnam’s growth falling to 5.8% in 2016.


The Vietnamese economy in the first three months of 2015 expanded faster than expected at 6.03% as the recovery continued to gain momentum.


The government has set a growth target of 6.2% for the whole of 2015 while keeping inflation below 5%.

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