Vietnam's economy will see "moderate" growth of 6.2 percent this year, as private consumption and investment will slow down amid downside risks, both external and internal, the World Bank has said. SEE MORE Vietnam’s headline inflation rate increased by 1.69 per cent in the first quarter of this year, putting pressure on the new Government to curb the rate going forward, according to a quarterly report on macroeconomic growth. SEE MORE Macro-economic stability will remain high on the Government’s agenda, according to a socio-economic development plan for 2016-2020 approved by the National Assembly (NA) on the final day of its session in Hanoi on April 12. SEE MORE Vietnam still enjoys strong growth prospects among the large developing ASEAN economies though its economic growth is expected to moderate to 6.2 percent in 2016, the World Bank (WB) says. SEE MORE China's economic growth will decline to 6.7 percent this year and further contract to 6.5 percent next year owing to deceleration in real estate and manufacturing sectors in the world's second-largest economy, the World Bank forecast today. SEE MORE
