(VOVWORLD) -Vietnam’s economic growth rate could reach up to 6.72% in the best scenario for 2021, according to a workshop on mid-term economic prospects for Vietnam by 2025.
At the workshop jointly held by the UN Development Program and the Ministry of Planning and Investment in Hanoi on Wednesday, experts gave a baseline forecast of 6.17% growth rate for this year if world economic recovery and pandemic control are in place. They held that public investment would continue to rise by 7% and FDI maintain its momentum.
A more optimistic scenario reveals that Vietnam could record a GDP growth rate of 6.72% this year thanks to positive impact of various free trade agreements with public investment increase of 8%.
UNDP Chief Representative in Vietnam Caitlin Wiesen suggested solutions on not letting anyone behind in economic recovery and ensure that manufacturing for exports will be a main momentum to create sustainable employment and income towards environmental protection, green growth and energy saving.