HANOI, May 15 (Reuters) – Vietnam’s economic growth is expected to slow to 6.8% this year from an expansion of 8% last year, the World Bank said on Friday.
The country’s outlook remains solid but risks remain elevated in the near term, the bank said in a statement.
• “Softer global conditions are making Vietnam’s external environment more challenging, with the oil shock adding to the downside risks,” WB director for Vietnam, Mariam J. Sherman, said.
• Vietnam targets annual GDP growth of at least 10% for this year and the rest of the decade.
• The country is facing inflationary pressures triggered by the Iran war, leaving April inflation higher than the government’s target of 4.5%.
(Reporting by Khanh Vu; Editing by David Stanway)
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