Shipping analyst raises growth forecast to 6%

Based on its analysis of the shipping industry, Business Monitor International has boosted its economic growth forecast for Viet Nam this year from 4.4 per cent to 6 per cent and is predicting an annual average growth of 6.2 per cent over the next five years. In its Viet Nam Shipping Report for the fourth quarter, Business Monitor International (BMI) is projecting port volume at HCM City to increase by 6.2 per cent, following the 5.2-per-cent contraction during last year’s slump. Container shipping was expected to rise by 3.5 per cent.