The Hanoitimes – In a world with growing uncertainties, Vietnam's economy would still be able to pick up the growth momentum from last year, thanks to a number of favorable conditions. Vietnam is forecast to keep GDP growth of 7.02% in 2020, making it the third consecutive year that Vietnam maintains a growth rate of over 7%, according to the National Center for Socio-Economic Information and Forecast (NCIF). Vice Director of NCIF Dang Duc Anh at the conference. Source: NCIF. This was a baseline scenario out of two that the NCIF has outlined for Vietnam in 2020, while in the less optimistic scenario, the GDP growth would be around 6.76%, announced the NCIF at a conference discussing Vietnam's economic outlook in 2020 held on January 10. The National Assembly on November 11 approved Vietnam's socio-economic development plan for 2020, including the GDP growth target of 6.8%. In addition to the GDP growth target, the 2020 socio-economic development plan includes other key economic indicators, such as the consumer price index (CPI) to stay below 4%; export growth of 7%; ratio of trade deficit to total export value below 3%; total social investment capital at 33 – 34% of GDP; a decline… Read full this story
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