VIETNAM: 6.5% Growth Predicted for GDP

On 23 September, the Asian Development Bank announced that Vietnam’s GDP is expected to grow by 6.5% in 2015 and eventually 6.6% in 2016. Direct foreign investment, rising consumer spending, and “pro-growth” monetary and fiscal policies were three factors cited as the cause of the growth. Should this trend continue, Vietnam may rapidly find itself a regional economic powerhouse capable of exerting more influence within Southeast Asia.

[Drew Coughlin, drew.coughlin.ee@gmail.com]