Today: 05/03/2021 17:51:45 (GMT+7)
THE CENTRAL AGENCY OF THE COMMUNIST PARTY OF VIETNAM BAC GIANG PROVINCE THE VOICE OF THE PARTY, GOVERNMENT AND PEOPLE OF BAC GIANG PROVINCE

Experts outline Vietnam’s growth prospects for next five years

Economic experts, representatives of international organisations, trade associations and businesses gathered at a workshop held January 20 to discuss the outlook for the Vietnamese economy in the 2021-2025 period.

Deputy Director of the National Centre for Socio-Economic Information and Forecast Dang Duc Anh said Vietnam’s economic growth is highly likely to return to a high level in 2021.

Experts, outline Vietnam’s growth prospects, next five years

The workshop on Vietnam's economic prospects over the next five years.

In one scenario where the global economy recovers and the Covid-19 pandemic is gradually contained, Vietnam’s economic growth is projected to reach 6.17% with inflation at 3.8%.

In a more optimistic scenario where global recovery is faster than expected, Vietnam can achieve growth of 6.72% and it is estimated inflation would be at 4.2%. Investment, production and business activities are expected to return to normal this year.

In addition, if Vietnam can take advantage of free trade agreements, domestic investment flows and economic activities will quickly rebound.

At the workshop, experts suggested that Vietnam should control the coronavirus situation effectively and minimise any losses caused by the pandemic, while continuing to implement economic support and social security measures.

They also called for the early rollout of economic stimulus packages, rather than only support measures.

In the short term, it is necessary to bolster the implementation of public investment projects and capitalise on the opportunities arising from free trade agreements in order to expand exports and reshape supply chains.

According to experts, the government should focus on developing the domestic market, boosting the demand in sectors such as tourism and retail, as well as stepping up reforms in tourism, logistics, digital transformation and e-commerce.

Vietnam considers shutting down polluting facilities to improve air quality
Prime Minister Nguyen Xuan Phuc has ordered state agencies to monitor factory emissions and clamp down on those found to exceed dangerous levels.
 
Can Tho student wins Vietnam Miss University 2020 crown
Le Thi Tuong Vy, a student of Nam Can Tho University in the Mekong Delta city of Can Tho, was named the winner of the Vietnam Miss University 2020 pageant during the contest’s final night in Hanoi on January 19.
 

Source: Nhan Dan Online

Experts, outline Vietnam’s growth prospects, next five years
 
New comment has just been added. Click here
Sort:NewBest News