Vietnam’s 2020 economic growth expected at 2-2.5% despite virus

Xuan Thinh Friday | 09/04/2020 17:37

Vietnam expects an economic growth at 2 to 2.5 percent this year despite the impacts from coronavirus pandemic, according to Ministry and Planning and Investment.

At the government meeting on Friday morning, Minister of Planning & Investment Nguyen Chi Dung said that the country is striving for 6.7 percent growth in 2021.

The Southeast Asian country’s economy did not fall into recession. It maintained growth despite several countries in the region and the world are expected to come under the Covid-19 pandemic and face economic contraction, he said.

At the same time, the Government is focusing on maintaining macroeconomic stability, controlling inflation, having appropriate solutions and policies to strongly stimulate 3 main growth drivers including investment, exports and consumption.

► Oxford Economics forecast Vietnam’s GDP to grow 2.3 percent in 2020

► Vietnam posts 1.81 percent GDP growth in six months, ten-year low

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