As oil dips, tourism should soar: HSBC reportCrude oil’s days of being a major contributor to national economic growth are over, according to a report prepared by the Hongkong and Shanghai Banking Corporation Limited (HSBC). The country is looking for new growth channels amidst falling crude oil production. He said crude oil production would fall about three million metric tonnes in 2017, equivalent to a 0.75 per cent drop in GDP. It evaluates Viet Nam’s export performance as being good at the moment. However, a slight increase in oil prices will keep inflation within the central bank’s target.

Source: VietNamNet News November 05, 2017 17:26 UTC