Việt Nam's fiscal deficit will stay high at 5.7 per cent (including interest repayment) in 2019 due to delays in the divestment of State-owned enterprises (SOE) and lower import tax revenues, according to Fitch Group’s Fitch Solutions forecast.
HÀ NỘI The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Việt Nam (SAV).
Vietnam’s inflation rate is predicted to average 3.5 per cent in 2019 but inch to 3.8 per cent in 2020, the Asian Development Bank (ADB) said in a report published on its website on April 3.
International institutions have predicted high GDP growth rates for Vietnam in 2019, but do not expect them to be more than 7 percent.The latest report from the Institute of Chartered Accountants in England and Wales (ICAEW) predicts that Vietnam will see GDP growing by 6.7 percent in 2019 before the growth rate falls to 6.2 percent one year later.
With growth in the global economy and world trade projected to slow, ADB forecasts that Vietnam’s economic growth will moderate but remain strong at 6.8% this year and 6.7% in 2020, according to the Asian Development Bank (ADB).
