(VOVWORLD) - Vietnam’s economy will maintain its steady growth rate in 2020 despite the “New Normal” – a term used to describe the post-global financial crisis concept.
 Dr. Vo Tri Thanh - former Vice President of the Central Institute for Economic Management. (Photo: cafef.vn) |
According to a conference in Ho Chi Minh City on Monday, the “New Normal” will create opportunities for Vietnam’s economy, which, however, will face several challenges including rising inflation. Maintaining high economic growth rate requires Vietnam to increase its economic resilience, stabilize the macro-economy, improve infrastructure, promote innovations, and engage in economic restructuring and institutional reforms.
Dr. Vo Tri Thanh, former Vice President of the Central Institute for Economic Management, said: “We should pursue a digital economy, digital transformation, and technological applications to create breakthroughs in economic development. We should adhere to the highest standards of growing green and clean.”