Vietnamese economy projected to grow 6.5% in 2021

The International Monetary Fund (IMF) has forecast that the Vietnamese economy will expand by 6.5% in 2021, followed by an acceleration to 7.2% in 2022.

Vietnam is expected to make a strong economic recovery in 2021 and 2022.
Vietnam is expected to make a strong economic recovery in 2021 and 2022.

The projections were made in the World Economic Outlook report released at the Spring Meetings of the IMF and the World Bank.

According to the IMF, Vietnam can achieve a growth rate of 6.5% this year thanks to its solid foundation as well as the government’s aggressive economic and healthcare measures.

Vietnam’s unemployment rate is projected to fall from 3.3% in 2020 to 2.7% in 2021 and down to 2.4% in 2022.

The Fund recommended that Vietnam should continue its current macroeconomic policies to ensure a sustainable and comprehensive recovery.

In Southeast Asia, average growth of the five countries of Indonesia, Malaysia, the Philippines, Thailand and Vietnam is expected to reach 4.9% in 2021 and 6.1% in 2022.

The global growth forecast has also been revised up to 6% from the 5.5% projection made in January.