Vietnamese economy projected to grow 6.5% in 2021

Friday, 2021-04-09 10:08:09
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Vietnam is expected to make a strong economic recovery in 2021 and 2022.
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NDO - 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.

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.