HANOI, Sept. 3 (Xinhua) -- Vietnam's Gross Domestic Product ( GDP) growth is forecast to reach 6 percent in 2015, Vietnam's financial watchdog, the National Financial Supervisory Commission (NFSC) said in its latest outlook report.
Vietnam's GDP will achieve a growth of only 5.3 percent in 2013, lower than the previous predicted figure of 5.5 percent. However, it is expected to grow by 5.6-5.8 percent in 2014, and 6.0-6.2 percent in 2015, says the report.
The forecast figures from a report by the NFSC, widely quoted by local media on Tuesday, were released late last week, which was made based on the country's socio-economic development in the first eight months of 2013, as well as current improvement of the world economy.
According to the NFSC, the consumer price index (CPI), a calculator for the inflation rate, is estimated to hit below 7 percent in 2013, 7 percent in 2014 and 6.5 percent in 2015.
Meanwhile, total social investment capital would have to reach 30-31 percent of GDP in 2014 and 2015; credit growth at 15 percent; and exports at 12-14 percent in 2014 and 12-15 percent in 2015.
Foreign direct investment (FDI) inflows in the country are expected to sharply increase in 2014 and 2015 thanks to the national stable economy and global world economic improvement.
In addition, the Trans-Pacific Partnership Agreement (TPP), to be signed in 2015, will boost the FDI, forecast the NFSC.
The World Bank earlier predicted that the world economy would have a growth rate of 3 percent in 2014 and 3.3 in 2015, much higher than 2.2 percent this year.
The NFSC of Vietnam, established on March 3, 2008 is specialized helping the prime minister supervise the overall national financial market.