Taking Stock, December 2015
2015
World Bank
Vietnam’s economy has weathered the recent turbulence in the external environment fairly well, reflectingresilient domestic demand and robust performance of export-oriented manufacturing. Growth furtheraccelerated to 6.5 percent (year-on-year) in the first three quarters of 2015 (after coming in at 6 percent lastyear). Low inflation and strengthening consumer confidence supported an uptick in private consumption whileinvestment was lifted by robust foreign direct investment, rising government capital expenditures, and a recoveryof credit growth. Exports of the foreign-invested manufacturing sector also accelerated, but this was offset by aslowdown of commodity exports and a surge in imports of capital and intermediate goods, reflecting strongerinvestment and the high import content of manufacturing exports.
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