Fitch Solutions upbeats about VN’s economic prospect in next decade
The Vietnamese economy was forecast to yearly expand by 6.5% over the next decade as the government diversifies export markets and improves infrastructure, according to Fitch Solutions.
Fitch Solutions said that Viet Nam’s FTAs would help expand external market access and avoid overdependence on a single trade partner.The above figure is lower than the preset growth target of the Vietnamese Government at 6.5-7% for the 2021-2025 period.
The country plans to prioritize imports of machinery and high-tech equipment, it said.
Last year, Viet Nam’s GDP growth rate dropped to 2.9% due to the Covid-19 pandemic. However, Viet Nam was among few economies that achieved positive growth during the pandemic./.
source: www.chinhphu.vn
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