VEPR Research lowers Vietnam's GDP growth forecast in 2020

Handsets are manufactured at a factory of Samsung Electronics Việt Nam. Phones and components were still the items with the largest export value, reaching $36.78 billion, accounting for 18.16 per cent of total export turnover in nine months. VNA/VNS Photo Anh Tuấn

HANOI, Oct 22 (Vietnam News/ANN): The Việt Nam Institute for Economic and Policy Research (VEPR) estimated local GDP growth for this year at between 2.6 per cent and 2.8 per cent at a workshop yesterday in Hà Nội, lower than the 3.8 per cent it forecast in July.

Phạm Thế Anh, VEPR's chief economist, told the workshop, which said of the local macro-economic performance in the last quarter of 2020: “With an unfavourable scenario, the economy can grow only 1.8 or 2 per cent.”