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World Bank forecasts Vietnam's growth to be around 3%

by VTV422 December 2020 Last updated at 08:00 AM

VTV.vn - This year Vietnam is expected to grow by nearly 3%, while the world economy is expected to decline by up to 4%.

This statement was made by the World Bank at a press conference reviewing the economic situation in Vietnam on Monday.

This forecast was made based on an assessment of Vietnam’s positive economic indicators. According to the World Bank, Vietnam's public spending increased again after three years of fiscal tightening.

In the first nine months of this year, public investment disbursement increased by 40% year-on-year, an important factor supporting growth.

The World Bank has assessed Vietnam's economic prospects very positively, forecasting a growth of 6.8% in 2021 and 6.5% in the following years. This prediction is based on the assumption that the COVID-19 crisis is gradually coming under control and that the COVID-19 vaccine is proving to be effective

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