Vietnam’s economy robust in 2019: ADB
Vietnam’s economy remained robust in 2019, with expansion underpinned by strong domestic demand, resilient manufacturing, and solid foreign direct investment, according to a report released by the Asian Development Bank (ADB) on April 3.
 |
| Illustrative image (Photo: VNA) |
However, the growth is forecast to decelerate significantly in 2020, with risks to the downsize as the COVID-19 pandemic unfolds, the report said.
Inflation eased to a 3-year low in 2019 but it is projected to rise moderately in 2020 and 2021. The current account surplus expanded in 2019 but will contract sharply this year.
Despite the economic deceleration and the downside risks from the COVID-19, the economic growth in Vietnam is projected to remain one of the highest in the region, the bank forecast.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:Related Contents
Latest News
More News
- Vietnamese enterprises embrace value creation model (December 13, 2024 | 09:00)
- Happy Vietnam awards honour photo and video artists (December 13, 2024 | 08:54)
- Vietnam unveils 2024 rankings of top employers and value-driven enterprises (December 12, 2024 | 17:00)
- ‘Blockbuster’ Eaton Park sells out just one week after launch (December 12, 2024 | 08:00)
- German businesses remain upbeat about Vietnam (December 11, 2024 | 15:45)
- Tech giants bet big on Vietnam's future (December 10, 2024 | 17:53)
- Forum on green solutions for industrial parks and investment promotion organised in Vinh Phuc (December 09, 2024 | 19:08)
- Vietnam and GGGI launch plan for green growth and climate action (December 08, 2024 | 20:38)
- FTZs to open regional doors for logistics (December 07, 2024 | 10:00)
- Vietnam sees increase in FDI in the first 11 months of 2024 (December 06, 2024 | 19:15)
Latest News
Mobile Version