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Update news Viet Nams GDP growth
The UK’s MoneyWeek news website has run a story highlighting that Vietnam is one of the most promising markets of Asia in a long time thanks to the country’s success in COVID-19 control.
Viet Nam’s GDP growth would reach 6.8 per cent from the 7.02 per cent posted in 2019, mainly due to a slowdown in the industrial sector, analysts from Fitch Solutions forecast.
The Asian Development Bank has revised up its forecast of Vietnam’s GDP growth for 2019 and 20202 from 6.8 percent to 6.9 percent and 6.7 percent to 6.8 percent, respectively, in contrary with projections for Asia.
Growth in developing East Asian and Pacific economies is expected to slow from 6.3% in 2018 to 5.9% in 2019, and to 5.7% and 5.6% in 2020 and 2021, reflecting a broad-based decline in export growth and manufacturing activity.