Despite low economic growth than forecast in Q1, 2016, the Vietnamese economy is outperforming other countries in the region, according to the ANZ Bank.
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The bank expects Việt Nam’s GDP to rise 6.9% in 2016 and 6.5% in 2017 despiteagricultural recession.
In Q1, 2016, Viet Nam’s GDP grew 5.46%, lower than ANZ’s previous forecast of 6.2%.
ANZ attributedthe decline of 1.2% agricultural productionto cold weather in the North andEl Nino in the Mekong Delta.
The bank forecast that industrial production would expand 6.2%, lower than the level of 9% last year.
Betterperformance of construction and serviceare unable to offset industrial recession.
The ANZ also projected thatexport would be on the rise in 2016 thanks toprevious investment last year.
Inflation rate would decrease to 1.7% in 2016 and fluctuate at 2.5% in 2017./.