HANOI (Xinhua): Vietnam's economy is forecast to grow around 6.5 to 7.5 per cent next year in the economic development scenarios presented by the Ministry of Planning and Investment, local media has reported.
The country's gross domestic product (GDP) growth is predicted at 6.5-7 per cent in its first scenario with the inflation rate staying at 4-4.5 per cent.
The average economic expansion for the 2021-2025 period will be 5.8-6 per cent.
In the second scenario, the ministry eyes a GDP growth of around 7-7.5 per cent, and inflation rate at 4.5 per cent. The average GDP growth is projected at 5.9-6.1 per cent.
The ministry has been in favor of the first one since the domestic economy has been affected by adverse external developments, while several intrinsic problems could not be improved in a short term.
The Asian Development Bank predicted that the Vietnamese economy will grow 6.2 per cent in 2025 while the World Bank forecast a 6.5 per cent growth next year. - XInhua
