World Bank cuts Vietnam's 2020 GDP growth outlook to 4.9%


Residents wearing protective masks waiting for their turn for the coronavirus testing at a makeshift rapid testing centre in Hanoi, Vietnam, on Tuesday (March 31). Due to the crisis, Vietnam's GDP is expected to grow by only 4.9% this year, about 1.6 percentage points lower than the previous projection. - Reuters

HANOI: Vietnam's GDP is expected to grow by 4.9% this year, about 1.6 percentage points lower than the previous projection, according to a latest World Bank report.

Despite favourable prospects for the Vietnamese economy in the medium term, the country's GDP growth will be affected negatively by the global Covid-19 (coronavirus) pandemic, the World Bank said in a report titled "East Asia and Pacific in the Time of Covid-19," published on Tuesday (March 31).

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Vietnam , World Bank , Lower Growth

   

Next In Regional

Malaysian injured by falling concrete in Hong Kong's Tsim Sha Tsui
Python swallows woman whole in Indonesia
Malaysia needs time to study Asean joint visa proposal, says Home Minister
Mt Ruang: Last eruptions before Wednesday occurred in 2002, 1949
Thailand drops joint patrols with Chinese police after public backlash
Cops on the hunt for cable thieves in Ayer Hitam
Najib wanted to answer questions on money laundering in court, says investigating officer
Hearing for Siti Bainun's appeal against conviction postponed to Jan 30 next year
Biker ambushed by a tiger near Gua Musang, lives to tell his tale
Historic day for human rights in Malaysia, says Azalina

Others Also Read