Product: Vietnamese Government and Percent

product: Previously, the Vietnamese government had forecast the country gross domestic product to reach 6.7 percent in 2016, according to Xinhua China. However, the yearly estimated growth was lowered to between 6.3-6.5 percent in early October. In discussions about how much the Vietnamese economy will expand this year and the fact that it remains a hot topic in the country, the official said that it is more important to define underlying factors that allow or encourage the growth trend as well as what factors prohibit the trend from being sustained. According to the ADB official, the lowered goal is still "unlikely" to be realized. "So far this year, the drought in Vietnam Central Highlands and Mekong Delta region has reduced agricultural output. So having the annual growth rate at 6.3-6.5 percent means the growth in the last quarter must be very high, at over 7 percent," the economist explained. "So far, we don't have leading indicator yet," added Sidgwick. At the same time, the mining sector output has reduced largely by a decrease in the production of coal." "These two factors have been active in reducing Vietnam economic growth rate," said Sidgwick, adding that "Now we expect the growth rate for Vietnam this year will be around 6 percent." The World Bank, for its part, meanwhile, has just maintained its forecast for Vietnamese economic growth at six percent for 2016. "Until the end of September, the growth was under 6 percent. (news.financializer.com). As reported in the news.