Vietnam fears it might not hit GDP growth target in 2020 due to Covid-19

  • Vietnam
  • Thursday, 13 Feb 2020

Rubber production at Dầu Tiếng Rubber Corporation in the southern province of Bình Dương. — VNA/VNS

HANOI (Vietnam News/ANN): Vietnam might fail to achieve its 6.8 per cent GDP growth rate target set earlier this year as the novel coronavirus epidemic continues to take a heavy toll on the global economy, according to the Ministry of Planning and Investment.

In a meeting on Wednesday (Feb 12) chaired by the Prime Minister Nguyễn Xuân Phúc to look at revised growth scenarios in the wake of the devastating Covid-19 (the new name of the virus), the ministry said if the outbreak is contained within the first quarter this year, 2020’s GDP growth target will be 6.25 per cent, 0.55 percentage points lower than the previous goal.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Vietnam , growth , economy , target , covid-19


Next In Regional

Top Korean actor Yoo Ah-in under investigation for alleged illegal use of propofol drug
Kremlin dismisses claims Putin was involved in MH17 downing
Hussein Omar Khan to be new Selangor police chief
Thailand rolls out the red carpet for PM Anwar
Selangor polls could go either way, say analysts
Apex court denies JJ's children leave to appeal over RM1bil in shares
Man gets six years jail for committing unnatural sex on step-sister
Indonesia, Malaysia to send palm oil envoys to EU over deforestation law
1MDB trial: Jho Low was 'boss', Najib was the 'big boss', witness tells court
In a first for India, transgender couple become biological parents

Others Also Read