Vietnam’s economic growth of 6.5% this year likely within reach
(VOVWORLD) - Vietnam’s projected economic growth rate of 6.5% this year is within reach, although its inflation target of below 4% is not achievable, according to the Vietnam Economic Review 2021 released on Monday by the National Economics University.
The Vietnam Economic Review 2021 is released during a seminar in Hanoi on April 25, 2022. (Photo: saigondautu.com.vn) |
According to the annual publication, the Vietnamese economy is anticipated to encounter numerous difficulties this year due to new virus strains, escalating global political instability, and a hike in oil prices.
However, the new bailout package for economic recovery could potentially help Vietnam reach the target of 6.5% as expected.
The prime driving force behind economic growth is expected to come from the external economic sector which will make a great contribution to the production of processed products and export items.
Furthermore, the service industry has a chance to strongly recover this year due to the reopening of the national economy, which will play a crucial role in fulfilling the annual target.