German newswire: Vietnam upbeat about economic recovery

Germany’s DW newswire recently ran an article saying that Vietnam still aims for an economic growth of 5 percent this year despite global economic crisis and likely recession in some of its neighboring countries.

It said the ambitious goal was announced by Vietnamese Prime Minister Nguyen XuanPhuc during a recent online conference with thousands of local and foreign business representatives.

The target is significantly higher than the forecast of the International Monetary Fund (IMF), which announced that it is expecting Vietnam’s gross domestic product (GDP) to grow 2.7 percent. Even that prediction puts Vietnam ahead of its neighbors and ensures that the country will continue to be Southeast Asia’s fastest growing economy.

The forecast growth rate, however, is in stark contrast with the 7 percent expansion of 2019.

 

Source: VOV5

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