Macroeconomic Forecast Vietnam

October 2005 | Macroeconomic Forecasts

Vietnam's economy is forecast to slow slightly to 7.4% growth in 2005 from 7.7% in 2004, amid rising world oil prices. Costly oil imports will not only affect the expansion rate, due to the lower contribution of net exports to growth, but also inflation, which we expect to come in at 7.8%, matching last year's rate. The economy is expected to pick up slightly in 2006 to 7.5% following accession to the World Trade Organisation. Our forecasts are similar to those of the World Bank and the Asian Development Bank, which expect growth of 7.5% and 7.6% respectively this year.

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