Vietnam’s GDP to grow by 7% in 2020, IMF forecasts
| |
Vietnam's export-driven economy is heavily affected by the coronavirus pandemic, but is projected to rebound in 2021 |
"Some sectors are expected to be severely impacted, especially the tourism, transportation, and accommodation industries," he told Reuters.
The IMF expert said the growth is forecast to recover as containment measures are lifted, reaching 7% in 2021. It will be supported by monetary and fiscal easing, the country's relatively strong macroeconomic fundamentals, and a gradual recovery in external demand.
Related News
Leverage to increase the scale of Vietnam - Laos trade turnover
10:51 | 15/04/2024 Import-Export
Vietnam-China trade reaches over US$ 27 billion
09:29 | 10/04/2024 Import-Export
How more than 6 tons of smuggled gold transported to Vietnam?
07:49 | 05/04/2024 Anti-Smuggling
Destroying a "huge" drug trafficking network from Europe to Vietnam by air
10:10 | 02/04/2024 Anti-Smuggling
Latest News
Opportunity for a high open economy like Vietnam
15:56 | 19/04/2024 Headlines
Cooperation with Vietnam among EU’s priorities in Indo-Pacific: official
15:55 | 19/04/2024 Headlines
Overseas remittances to HCM City record highest increase in three years
17:38 | 18/04/2024 Headlines
Vietnam, UK sign new agreement on illegal migration
17:35 | 18/04/2024 Headlines
More News
Quang Ninh tops country’s public administrative reform index
16:08 | 17/04/2024 Headlines
Government urged to probe gold traders to prevent possible market manipulation
15:52 | 16/04/2024 Headlines
Việt Nam announced National Report under 4th UN Human Rights Council's fourth cycle reviews
14:24 | 16/04/2024 Headlines
Brand building common responsibility of whole society: ministry
15:08 | 15/04/2024 Headlines
Paraguay wants to expand economic cooperation with Vietnam
15:06 | 15/04/2024 Headlines
Top legislator wraps up official visit to China
18:02 | 14/04/2024 Headlines
2024 a year for making breakthroughs: Forum
18:00 | 14/04/2024 Headlines
Forum boosts economic ties among ASEAN, emerging economies, Russia
15:41 | 13/04/2024 Headlines
Sustainable production a prerequisite for international economic integration
14:05 | 12/04/2024 Headlines
Your care
Opportunity for a high open economy like Vietnam
15:56 | 19/04/2024 Headlines
Cooperation with Vietnam among EU’s priorities in Indo-Pacific: official
15:55 | 19/04/2024 Headlines
Overseas remittances to HCM City record highest increase in three years
17:38 | 18/04/2024 Headlines
Vietnam, UK sign new agreement on illegal migration
17:35 | 18/04/2024 Headlines
Quang Ninh tops country’s public administrative reform index
16:08 | 17/04/2024 Headlines