ANZ: VN’s economy shows signs of recovery

15:52 | 16/07/2015 Economy- Society

Viet Nam’s economy has drastically recovered as the indexes witnessed year-on-year increases, stated the Australia and New Zealand Banking Group Limited (ANZ).

ANZ: VN’s economy shows signs of recovery

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According to the ANZ Business Outlook, the ANZ maintained the forecast for Viet Nam’s GDP growth in 2015 at 6.5%.

 

The bank stated that recent indexes showed that the nation’s domestic demands continue to be consolidated and the increases in consumers’ belief set a new record in June.

The inflation rate was controlled at low level and the average growth of the total retail sales and consumption revenues reached 8.4% in the first half of 2015.

The industrial production rose 11.3% in the first two quarters of the year, two times higher than the same period in 2014. The GDP growth in the second quarter of 2015 attained 6.44%, much higher than the forecasts.

The ANZ supposed that as the economy recovers, the imports will put up to support the investment growth and expand manufacturing.

The Vietnamese Government loosening room for foreign investors from this September will accelerate foreign investments into Viet Nam./.

Source: VGP

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