Vietnam’s economy to grow 6.7 pct. in 2021: Standard Chartered

Standard Chartered announced on June 1 its forecast that Vietnam’s GDP growth would be 6.7 percent this year and 7.3 percent in 2022.
Vietnam’s economy to grow 6.7 pct. in 2021: Standard Chartered ảnh 1A view of Khai Quang Industrial Park in Vinh Yen city of Vinh Phuc province (Photo: VNA)
HCM City (VNA) - Standard Chartered announcedon June 1 its forecast that Vietnam’s GDP growth would be 6.7 percent this yearand 7.3 percent in 2022.

Tim Leelahaphan, the bank’s economist forVietnam and Thailand, held that Vietnam’s economy remains strong and thecountry is proving to be one of the world’s best performing economies amid the COVID-19pandemic.

However, he added, like many other countries,Vietnam is feeling the impact of the domestic COVID-19 situation, which isinevitable.

Vietnam began its COVID-19 vaccination campaignon March 8, with about 1 million people, mostly frontline health workers, receivingjabs so far. Expanding the campaign is a key condition for reopening tourismand promoting sustainable economic recovery, he said.

Other Standard Chartered specialists pointed outthat the country’s trade figures have remained positive since last year.

In particular, mobile phones and accessories haveaccounted for some 16 percent of total overseas shipments and electronicdevices, computers, and spare parts about 15 percent.

Vietnam also posted a trade surplus of 1.3billion USD in the first four months of 2021.

Rapid economic growth may boost inflation, thespecialists noted, adding that rising world food prices are also affectingdomestic inflation.

They forecast inflation in Vietnam at 3.8percent this year./.
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