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Vietnam’s economy could grow 6.72% in best scenario for 2021

Vietnam’s economy could grow 6.72% in best scenario for 2021

(VOVWORLD) -Vietnam’s economic growth rate could reach up to 6.72% in the best scenario for 2021, according to a workshop on mid-term economic prospects for Vietnam by 2025.

(Photo: baoquocte.vn)

At the workshop jointly held by the UN Development Program and the Ministry of Planning and Investment in Hanoi on Wednesday, experts gave a baseline forecast of 6.17% growth rate for this year if world economic recovery and pandemic control are in place. They held that public investment would continue to rise by 7% and FDI maintain its momentum.

A more optimistic scenario reveals that Vietnam could record a GDP growth rate of 6.72% this year thanks to positive impact of various free trade agreements with public investment increase of 8%.

UNDP Chief Representative in Vietnam Caitlin Wiesen suggested solutions on not letting anyone behind in economic recovery and ensure that manufacturing for exports will be a main momentum to create sustainable employment and income towards environmental protection, green growth and energy saving.  

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