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Vietnam’s economy robust in 2019: ADB

Vietnam’s economy remained robust in 2019, with expansion underpinned by strong domestic demand, resilient manufacturing, and solid foreign direct investment, according to a report released by the Asian Development Bank (ADB) on April 3.
Vietnam’s economy robust in 2019: ADB ảnh 1Illustrative image (Photo: VNA)


Hanoi (VNA) – Vietnam’s economy remainedrobust in 2019, with expansion underpinned by strong domestic demand, resilientmanufacturing, and solid foreign direct investment, according to a reportreleased by the Asian Development Bank (ADB) on April 3.

However, the growth is forecast to deceleratesignificantly in 2020, with risks to the downsize as the COVID-19 pandemicunfolds, the report said.

Inflation eased to a 3-year low in 2019 but it is projectedto rise moderately in 2020 and 2021. The current account surplus expanded in2019 but will contract sharply this year.

Despite the economic deceleration and the downsiderisks from the COVID-19, the economic growth in Vietnam is projected to remainone of the highest in the region, the bank forecast./.

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