PM: Vietnam targets economic growth of at least 6.5% in 2021
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Shipping containers at a port in Ho Chi Minh City. Photo by Shutterstock/Igor Grochev.

In its World Economic League Table 2021, CEBR said that Vietnam’s annual rate of GDP growth is forecast to pick up to an average of 7 percent between 2021 and 2025.

Over the subsequent ten years, CEBR forecasts that the Vietnamese economy will expand by 6.6 percent on average each year.

The next 15 years are set to see Vietnam climb rapidly up the rankings of the World Economic League Table and its position will move from 37th in 2020 to 19th in 2035.

Photo: CEBR

A 4.48 percent Q4 growth has propelled Vietnam’s annual growth to 2.91 percent for the year, the General Statistics Office unveiled.

The value of imported and exported goods this year rose 5.1 percent year-on-year to $543.9 billion.

In this, exports and import values rose 6.5 percent and 3.6 percent year-on-year to $281.5 billion and $262.4 billion, respectively. This helped the country compile a trade surplus of $19.1 billion, the highest since 2016, VnExpress said.

Meanwhile, inbound tourism plunged by 78.7 percent and consumer price index rose by 3.23 percent.

Since 1991, CEBR has supplied independent economic forecasting and analysis to hundreds of private firms and public organisations./.

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