(VOVworld) – The Asian Development Bank’s Asian Development Outlook 2016, which was released in Hanoi on Wednesday, says Vietnam’s economic growth í predicted to be 6.7% in 2016.

The ADB said this will be Vietnam’s highest economic growth rate since 2008 thanks to an increase in the number of projects, foreign direct investment, consumption, domestic demand, and growth support policies. The report says Vietnam will benefit from its newly signed FTAs with more trade and business opportunities. The report also praises the Vietnamese government’s reform of financial policies in 2015, which helped to reduce inflation and increase credit growth, employment, and incomes.