VGP – The Vietnamese economy is moving on the right track, according to the HSBC Global Research’s latest report.
In the short term, HSBC forecast that local production would develop thanks to improved overseas demands and rising investment. Meanwhile, domestic demand would bounce back following higher credit growth.
HSBC said medium-term economic outlook is getting brighter but slow recovery would hinder growth in 2014 and 2015. Both GDP and inflation indexes would be under 6% in 2014.
According to the report, other optimistic reasons for Viet Nam’s medium-term prospects include the efficiency improvements in some areas. For example, prices have been liberalized in favor of production and public projects will have clearer targets.
HSBC said production would continue to be a bright element of the Vietnamese economy. Viet Nam are now engaging in a number of free trade agreement talks, including the Trans-Pacific Partnership.
Viet Nam needs to transform its export structure in a bid to heighten its competitiveness in the future./.
By Kim Anh
Đăng ký: VietNam News