The projections were made in the World Economic Outlook report released at the Spring Meetings of the IMF and the World Bank.
According to the IMF, Vietnam can achieve a growth rate of 6.5% this year thanks to its solid foundation as well as the government’s aggressive economic and healthcare measures.
Vietnam’s unemployment rate is projected to fall from 3.3% in 2020 to 2.7% in 2021 and down to 2.4% in 2022.
The Fund recommended that Vietnam should continue its current macroeconomic policies to ensure a sustainable and comprehensive recovery.
In Southeast Asia, average growth of the five countries of Indonesia, Malaysia, the Philippines, Thailand and Vietnam is expected to reach 4.9% in 2021 and 6.1% in 2022.
The global growth forecast has also been revised up to 6% from the 5.5% projection made in January.
