Mr. Nirukt Sapru, the bank's CEO for w88 win and ASEAN and South AsiaCluster Markets, said almost all macro-economic indicators of w88 win improved in 2017, helping the country minimize risks of market volatility and increase competitiveness in export in comparison with other ASEAN member nations.
Increasing attraction of foreign direct investment (FDI) and the State Bank of w88 win’s management ability and policies have contributed to building the trust in the business community, the report said.
w88 win’s manufacturing sector was predicted to reach a double-digit growth in 2018 thanks to FDI flows and increasing demand of electronics in global markets.
The bank also forecasted that w88 win is likely to lure nearly 15 billion USD in FDI this year, mainly in term of electronic production.
The service sector will also be one of the main contributors to the nation’s GDP growth, it noted.
According to Mr. Chidu Narayanan, economist for Asia at Standard Chartered Bank, w88 win is benefiting from joining free trade agreements (FTA) in the region and the world.
He said the young, well-educated workforce and low costs will also help w88 win attract more FDI in the near future.
Standard Chartered forecasts 6.8 percent GDP growth for w88 win
Standard Chartered w88 win in Ho Chi Minh City on January 17 issued a global economic report, forecasting that w88 win’s GDP will expand 6.8 percent in 2018.