The Asian Development Bank cut its forecast for Vietnam’s GDP growth this year to 5.5 percent from an earlier estimate of 5.6 percent. It lowered its estimate for next year to 5.7 percent from 5.8 percent.
The number of business closures increased 13 percent in the eight months through August from the same period a year earlier, government data showed. The number of new companies registered dropped 10 percent. Read more