In the most optimistic scenario, Vietnam’s economy is predicted to expand 2.6% year-on-year, lower than the International Monetary Fund (IMF)'s forecast at 2.7%.
The economy could be subject to a strong rebound of 7% in 2021.
Vietnam’s economic growth is seen slowing down to 2.7 percent this year due to the coronavirus pandemic, but may pick up to seven percent next year, the International Monetary Fund (IMF) said on Monday.
Viet Nam’s GDP growth in 2020 must reach 5 per cent, higher than the 2.7 per cent the International Monetary Fund (IMF) has forecast, Prime Minister Nguyen Xuan Phuc has said.
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.
The International Monetary Fund has forecast Vietnam’s GDP to grow at 2.7 percent this year, higher than that of its regional peers.
The economy is subject to a strong rebound of 7% GDP growth in 2021.
Cambodia's economic growth is projected to be highest in the Asean region despite facing several challenges, the International Monetary Fund (IMF) said.
Viet Nam is among the top 20 contributors to global economic growth, according to a Bloomberg analysis of International Monetary Fund (IMF) data.
The government is proactively addressing economic risks and uncertainties through a structural reform plan aimed at improving competitiveness and diversification, International Monetary Fund (IMF) senior economist Jarkko Turunen said on Friday.