Vietnam’s economy is recovering: East Asia ForumVietnam has recorded upbeat growth despite disadvantages brought about by the withdrawal of the US from the Trans-Pacific Partnership, according a recent article published on the East Asia Forum. In the article named “Vietnam’s economy stays its course despite external headwinds”, Leung noted that Vietnam’s GDP growth recovered to nearly 6.8 percent last year, driven mainly by growth in domestic demand, manufacturing and exports. The bank also raised its annual credit growth target to 20–21 percent, and actual credit growth remained high at 18.5 percent. The nominal exchange rate has remained relatively stable with a small devaluation of about 1.4 percent. Public sector debt has resultantly come close to the 65 percent of GDP limit set by the National Assembly.

Source: VietNamNet News January 15, 2018 12:45 UTC