Vietnam to achieve economic growth higher than IMF’s 2.7% forecast: PM
As Vietnam has progressively contained the Covid-19 pandemic, the priority now should be to boost business and production activities, said Prime Minister Nguyen Xuan Phuc.
As Vietnam has progressively contained the Covid-19 pandemic, the priority now should be to boost business and production activities, said Prime Minister Nguyen Xuan Phuc.
Standard Chartered Bank is the latest institution to trim Vietnam's growth projections due to weaker external demand and domestic consumption.
The economy could expect a boom in private consumption in the post-pandemic period, ranging from tourism, shopping, catering services, to healthcare, said an expert.
The economy is subject to a strong rebound of 7% GDP growth in 2021.
The World Bank has revised up its growth forecast for Vietnam from 6.5% to 6.8% in 2019.
In order to ensure transparency and publicity, Vietnam invited the International Monetary Fund (IMF) and representatives of the United Nations to take part in the recalculation process.