Vietnam sets 7% GDP growth target after disappointing last year

Vietnam’s Minister of Planning and Investment said that Vietnam is targeting 7% economic growth, higher than the official target of 6.0% to 6.5% set earlier.

To achieve this goal, Minister Nguyen Chi Dung said, economic growth must be 9.0% year-on-year in the third quarter and 6.3% in the fourth quarter.

Vietnam, a regional manufacturing hub, began lifting coronavirus control measures late last year, allowing several factories to resume full operations.

The economy is recovering after growing by only 2.58% last year, the slowest growth rate in decades.

The Southeast Asian country recorded GDP growth of 7.72% in the second quarter. This was due to strong export growth. However, it warned of rising inflationary pressure for the rest of the year.

Leave a Reply

Change Language
%d bloggers like this: