Gdp growth by year us

Hanoi (VNA) - Vietnam’s 2021 GDP growth is projected at 5.49 percent in the normal scenario, 6.9 percent if the current situation gets better, and 3.48 percent in the worst-case scenario, according to the Vietnam Institute of Economics under the Vietnam Academy of Social Sciences (VASS). The real growth rate will depend on the world economic situation and the capacity to absorb FDI, the “Vietnam Economic Overview 2020: Promoting innovation-based economic growth” conference held by the institute on January 19 heard. VASS President Bui Nhat Quang said the COVID-19 pandemic strongly affected economic growth around the world in 2020, with most major economies posting contractions. Vietnam, however, achieved the twin targets of disease prevention and socio-economic recovery and development. It posted economic growth of 2.91 percent, the lowest since 1986, when its “renewal” process began, but higher than the figure posted in many other countries in the … [Read more...] about GDP growth to reach 5.49 pct. in normal scenario in 2021: Economics Institute

Economists and business experts at the conference urged policymakers to take concrete measures to speed up the country's digitalisation and bolster innovation culture, saying they are to play key roles in the post-pandemic recovery. Meanwhile, measures must be taken to address a slow trickle of stimulus packages and a lack of support for businesses and vulnerable groups in society. … [Read more...] about VN eyes strong recovery from pandemic this year

Hanoi (VNA) – Vietnam has started to emerge as the latest Asian nation with a strengthening position in the region, and a future high potential for economic growth, wrote Murat Ungor, a Senior Lecturer, Department of Economics, University of Otago in his article run by New Zealand’s website asiamediacentre.org.nz on January 18. In the article, the author cited data from the World Bank as saying that the country’s  gross domestic product (GDP) grew by 7 percent in 2019, similar to 2018, one of the fastest growth rates in the region. It is argued that if Vietnam can maintain a 7 percent increase in economic growth over the next decade, the country will follow the same trajectory as the previous "Asian Tigers,”  according to the article. International trade was also progressively liberalised, with the signing of various free trade agreements, it said, adding that the World Bank now considers Vietnam one of the most dynamic emerging … [Read more...] about New Zealand media: Vietnam – the time has come

According to the Ministry of Planning and Investment, the EVFTA will boost Vietnam’s export value to the EU about 20 percent in 2020, 42.7 percent in 2025 and 44.37 percent in 2030. Vietnamese businesses will enjoy certain incentives when importing high quality goods especially machinery, equipment and high technology from the EU at reasonable prices. The EVFTA is expected to increase Vietnam’s gross domestic product (GDP) by 2.18-3.25 percent in 2020-2023, 4.57-5.30 percent from 2024-2028, and 7.07-7.72 percent in 2029-2033. It is also expected to form a new Vietnam-EU value chain to attract more EU investment to Vietnam. … [Read more...] about Efficient EVFTA implementation contributes to economic recovery

-- Vietnam's economic growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent and making it one of the fastest-growing economies in the world, the Vietnam News Agency reported on Tuesday, quoting the World Bank. … [Read more...] about Breakfast @ Tuoi Tre News – January 20