Vietnam would look to maintain economic growth of 6.76 per cent this year. Goods loaded at a seaport in Da Nang. Efforts to keep inflation down and the forex rate in check will play a key role in boosting GDP growth in 2020, experts say. How much the economy could pull ahead, however, would largely depend on the global economy, said Dang Duc Anh, deputy director of the centre. In a positive scenario, in which the global economy experienced growth and the country managed to hold inflation down and keep the forex rate under control combined with the implementation of sound socio-economic development policies, Viet Nam’s GDP could grow at more than 7 per cent. In a more conservative approach, in which ongoing trade tensions, rising protectionism and natural disasters had a much greater impact than anticipated, the economy was forecast to grow at 6.76 per cent, especially if key sectors as agriculture exports and animal husbandry were hit hard. While economic experts had not reached a consensus with their forecast for 2020, most had argued the global economy was likely to slow down. “Flaring tensions from political and economic issues around the world is hurting the price of commodities,… Read full this story
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