British newspaper forecasts Vietnam GDP growth at just 6.3%

VOV.VN - The Economic Intelligence Unit of the Economist has forecast the GDP economic growth of Vietnam to be far below expectations for the five-year period 2017-2021.

The EIU projected just a 6.3% growth rate for Vietnam this year and 6.5% for next year far below the government targets and much lower than what is needed to move the country forward in meeting its desired long-term growth targets.

On the brighter side, the EIU said thanks to more foreign direct investment inflows and more streamlined governmental administrative procedures export growth will expand 9.1% this year.

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