ANZ forecasts that foreign capital will continuously pour into Vietnam

According to a newly published report by ANZ Bank, the bright spot of Vietnam’s economy in the first month of the year mainly came from the foreign sector.

Besides, indirect investment (FII) flows also continue to improve.

Foreign capital will be the driving force for Vietnam’s economic growth.

ANZ experts assess that the stable macro environment, low exchange rate and surplus current account are the factors motivating foreign investors to invest money in Vietnam.

Recently, credit rating agency Fitch raised the national credit outlook from `stable` to `positive` and maintained the long-term domestic and foreign currency issuer ratings at `B+`, showing that the

Faced with this situation, ANZ maintains its forecast for Vietnam’s prospects for the period 2014 – 2015: GDP growth is about 5.6-5.8%, inflation is 7.5 – 8%, higher than the set target (

The VND/USD exchange rate continues to be stable thanks to the support of foreign investment capital flows, remittances and improved trade balance.

However, ANZ experts believe that Vietnam’s economy still has risks because bad debt has not been completely resolved.

According to State Bank leaders, at the end of 2013, the bad debt ratio was at 3.79%, down 1% compared to the beginning of the year.