IMF: Vietnam’s economy could grow by 6.5% this year

According to the report “World economic outlook” has just been announced, the International Monetary Fund (IMF) forecasts that Vietnam’s economic growth will still reach 6.5% this year and reach 7.2 % next year thanks to the strong foundation, as well as the drastic measures of both economic and health care by the Government.

IMF: Vietnam’s economy could grow by 6.5% this year

IMF forecasts that Vietnam’s economy can achieve a growth rate of 6.5% this year, 0.5 percentage points higher than the world average.

The organization recommends that macroeconomic policies be maintained this year to ensure a sustainable and comprehensive recovery.

The IMF also forecasts that the group of five ASEAN countries, including: Indonesia, Thailand, Vietnam, the Philippines and Malaysia, will grow GDP at 4.9% this year and 6.1% by 2022.

Regarding the unemployment rate of Vietnam, the IMF is estimated to decrease from 3.3% in 2020 to 2.7% in 2021, then continue to decrease to 2.4% in 2022. If compared with the ground In general, these are positive signs of Vietnam’s economy.

In this report, the IMF expects world economic growth to reach 6% this year, higher than the 5.5% forecasted in January.

At a meeting with the world’s 20 major economies (G20) and the World Bank (WB) on April 7, the IMF said global economic growth predicted at 6 percent showed a more optimistic prospect for some developed countries, such as the US.

Still, the IMF warns that emerging-market economies are lagging behind advanced economies. The Covid-19 pandemic is threatening to eradicate years of efforts to eradicate global poverty.

Speaking at the meeting, IMF Director General Kristalina Georgieva called on richer countries to join hands, ensuring low income countries can implement Covid-19 vaccination program for the future of the world. “We have no way to overcome this pandemic without going together,” she stressed.

Previously, a number of major international financial institutions had made positive comments on Vietnam’s economy. United Oversea Bank forecasts that Vietnam’s economic growth in 2021 will be quite high at 7.1%. The HSBC Economic Research Division also forecasts that Vietnam will achieve 6.6% growth in 2021.

Source: ndh.vn – Translated by fintel.vn

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