Standard Chartered Bank: FDI flows to rocket in H2

Specialists from the Standard Chartered Bank expects that Viet Nam maintains an attractive investment destination and the FDI registration and realization in 2016 will be higher than the previous year.

Up to 65% of the FDI capital flows in Viet Nam focused on the manufacturing sector, which is estimated to increase in the upcoming quarters as the expenditures in China are rising.

More than 40% of the Standard Chartered Bank’s customers in China are moving to Viet Nam.

The nation’s exports are forecasted to decrease and Viet Nam will suffer from trade deficit in the second half of the year.

Viet Nam’s economic growth may expand to 6.6% in 2017, according to the report, adding that the production and construction sectors continue to be the main forces in speeding up the nation’s economy.

Source: businesstime