TIẾNG VIỆT Vietnam eyes 2021 economic growth to reach 6-6.5%
Vietnam is among a few countries in the world reporting growth amid pandemic. Photo: Bloomberg
At the recent cabinet meeting, Prime Minister Nguyen Xuan Phuc assigned the Ministry of Planning and Investment to complete the growth scenario for the remaining months of 2020 and growth target for 2021.
At previous meeting, Minister of Planning and Investment Nguyen Chi Dung predicted the country’s economic growth to face challenges next year though the Covid-19 pandemic is controlled in several countries.
It is expected that the global economy will completely recover after 2 to 4 years since several major economies have been badly hit by the pandemic which disrupted the global supply chain. However, the ministry still forecast that GDP in 2021 to reach 6.7%.
Recognizing that the economy will continue to face great challenges due to the impact of Covid-19, the Government encourage ministries and agencies to realize "dual goals" including economic recovery and drastic pandemic prevention.
The central bank is required to continue operating an active and flexible monetary policy, in coordination with fiscal and other policies to both support economic stimulus and ensure inflation control.
The Ministry of Industry and Trade was asked to promote trade, boost exports to potential markets and stimulate domestic consumption demand, strengthen prevention of smuggling and trade fraud in all forms, protect domestic production and consumption.
► ADB trims Vietnam’s 2020 growth forecast to 1.8% on pandemic
