Scenery of Hani terraced fields in SW China's Yunnan

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HANOI http://www.winnipegjetsteamstore.com/adidas-michael-hutchinson-jersey , April 13 (Xinhua) -- The World Bank (WB) forecast here on Thursday that Vietnam's gross domestic product (GDP) will expand by 6.3 percent in 2017.


The prediction was made in the WB's East Asia and Pacific Economic Update launched in Hanoi on Thursday.


Accordingly, Vietnam's medium-term outlook remains favorable as GDP growth is projected to improve gradually in 2017-2019 period.


Growing by 6.3 percent this year, the country's GDP is expected to expand by 6.4 percent in 2018 and 2019 http://www.winnipegjetsteamstore.com/adidas-matt-hendricks-jersey , driven by robust domestic demand and export-oriented manufacturing, said the bank.


Earlier this week, the Asian Development Bank forecast that Vietnam's GDP growth would reach 6.5 percent this year while the country's government set a target of 6.7-percent GDP.


Meanwhile http://www.winnipegjetsteamstore.com/adidas-mathieu-perreault-jersey , inflation pressures overall are expected to remain moderate at 4 percent in the 2017-2019 period thanks to global subdued commodity and energy prices.


On the fiscal front, the WB expected Vietnam to experience some fiscal consolidation as well as acceleration of divestment though at a gradual space that would contain further rise of public debt.


Despite positive medium-term outlook, the Vietnamese economy still sees downside risks. Domestically http://www.winnipegjetsteamstore.com/adidas-marko-dano-jersey , delayed implementation of structural and fiscal reform can intensify macroeconomic vulnerabilities and lower potential growth. Externally, intensifying uncertainty of global economy could dim Vietnam's growth outlook through trade and investment channels, the bank assessed.


President Xi meets incoming HKSAR chief executive


Chinese premier holds talks with Sao Tome and Principe counterpart on cooperation


UN Security Council holds briefing from special envoy for Syria


Trump says U.S.-Russia relations "may be at an all-time low"


Aerial view of Medog highway in SW China's Tibet


Stewardesses for high-speed train take part in training program in Harbin


Scenery of Hani terraced fields in SW China's Yunnan


Aerial view of farmland scenery in SW China's Yunnan


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