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Vietnam’s economy expected to grow steadily in 2020

Wyślij Print Pobierz added: Hanh Ngan | 2020-01-07 02:54:30
wietnam, gospodarka, paih, zbh

(VOVWORLD) - Vietnam’s economic outlook is positive in 2020 but the country is unlikely to achieve as high GDP growth as in previous years.

The prediction was made by economists at the 2020 Forum on Investment and Business Development in Ho Chi Minh City on Monday.

Dr. Tran Du Lich, a member of the Economic Advisory Group to the Prime Minister, said: “Vietnam’s economic growth rate in 2019 was over 7% but the National Assembly set a target of only 6.8% for 2020. The factors set to contribute to macro-economic stability will be maintained to create a launch pad for strong economic growth in the 2021-2025 period but it’s difficult to expect this year’s economic growth to be as high as in the last two years.”

In 2020, Vietnam will wrap up its 5-year socio-economic development plan which started in 2016 and design future plans.