WB: Vietnam’s GDP forecast to grow at 2.5-3% in 2020
(VOVWORLD) - The World Bank (WB) has released a report on Vietnam's macroeconomic situation in October 2020 saying that Vietnam's GDP could grow at 2.5-3% this year.
Despite the second outbreak of COVID-19, in the third quarter, Vietnam's economy showed signs of recovery with a growth rate of 2.62% year-on-year and 0.39% higher than the growth rate in the previous quarter. It’s thanks to the double increase in the industrial production index and retail sales in September compared to August, according to the WB.
The report says Vietnam's trade surplus reached16.8 billion USD in nine months, partly due to the trade surplus of 2.8 billion USD in September. FDI inflows into Vietnam in September increased nearly double August’s.