Forecast for Vietnam 2011 - 2016

Last year’s stabilisation measures have cut inflation to below 10%, strengthened the external accounts and ended the series of VND devaluations. But resultant slower credit growth and inventory build-up will keep GDP growth at around 5% this year, below the 6% target, despite picking up from 4.7% in Q2.
Policy has shifted back towards expansion, in pursuit of growth above 6% in 2013.