Vietnam's medium term economic outlook positiveViet Nam's medium term outlook remains positive, Achim Fock, the acting country director for the World Bank in Viet Nam said during a review of the country's economic performance in Ha Noi yesterday. Viet Nam faces strong global headwinds ahead, although its economic outlook is positive in the medium term. World Bank economists expect Viet Nam's GDP growth of 6 per cent this year, lower than the Government's target of 6.7 per cent. "Achieving sustained high growth will depend on Viet Nam's ability to continue and deepen structural reforms to boost productivity," Fock said. The report also looks at Viet Nam's rapid aging pace that challenges its economy.

Source: VietNamNet News July 20, 2016 02:26 UTC