Vietnam's growth forecasts upgraded as GDP touches 7pc

ECONOMISTS are upgrading their growth projections for Vietnam after data this weekend showed the economy surged more than seven per cent in the third quarter, reports Bloomberg.

Citigroup revised its full-year forecast to 6.9 per cent from 6.7 per cent on the basis of another solid performance in the fourth quarter.



Analysts at Maybank Kim Eng Research now see seven per cent growth for the year versus a prior call of 6.8 per cent. And United Overseas Bank Ltd. changed to 6.8 per cent for the year from 6.7 per cent, while Capital Economics kept their projection of seven per cent.


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