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The World Bank (WB) has just released its report on economic growth in the East Asia and Pacific (EAP) region, in which it forecasts that growth across the region will be revised to 4.4% in 2026 and 4.3% in 2027, mainly due to the cyclical slowdown in China.
According to the latest Global Economic Prospects report released by the World Bank, China's growth in 2026 is projected to reach 4.4% (an increase of 0.4 percentage points compared to the previous forecast). Despite support from fiscal stimulus packages, the World Bank believes China still faces long-term structural challenges such as high public debt, an aging population, and a weakening real estate market.
For EAP countries outside of China, the World Bank forecasts growth to remain stable and recover to 4.7% by 2027. For Vietnam specifically, the World Bank forecasts growth rates of 6.3% and 6.7% for the next two years, remaining among the highest in the region, despite facing unfavorable external environmental factors.
World Bank Chief Economist Indermit Gill noted that the global and regional economies demonstrated strong resilience in 2025. However, he warned that the pace of growth is slowing. Therefore, he recommended that developing economies in the region focus on three main pillars: enhancing productivity, with a focus on increasing investment in the digital economy and human capital; improving the business environment, aiming to strengthen the legal framework to attract private investment; and fiscal sustainability, with the goal of restoring fiscal credibility through rules controlling public debt and government spending.
Mr. M. Ayhan Kose, Director of the World Bank's Prospects Group, emphasized that, in the context of record-high global public debt, establishing clear fiscal rules will help countries rebuild policy "buffers" to respond more effectively to future shocks.
Source: https://vtv.vn/viet-nam-tiep-tuc-nam-trong-nhom-tang-truong-cao-nhat-khu-vuc-eap-100260114180112287.htm
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