Vietnam’s economic growth is expected to slow to 6.8 per cent this year from an expansion of 8 per cent last year, the World Bank said on Friday.
The country’s outlook remains solid but risks remain elevated in the near term, the bank said in a statement.• “Softer global conditions are making Vietnam’s external environment more challenging, with the oil shock adding to the downside risks,” WB director for Vietnam, Mariam J. Sherman, said.
• Vietnam targets annual GDP growth of at least 10 per cent for this year and the rest of the decade.
• The country is facing inflationary pressures triggered by the Iran war, leaving April inflation higher than the government’s target of 4.5 per cent.
Reuters
