World Bank says Vietnam's economic recovery remains strong

Vietnam's economic recovery remains strong despite heightened global uncertainties, according to the World Bank. In its monthly Vietnam Macro Monitoring, the World Bank recommended that Vietnamese authorities should be vigilant about inflation risks associated with the continuing rise in prices of fuels and imports, which may dampen the ongoing recovery of domestic demand. Vietnam's industrial production continued a robust expansion of 10.4% year-on-year while retail sales rebounded with growth of 4.2% month-on-month and 22.6% year-on-year, suggesting a strong recovery of private consumption.