Vietnam PM tables two sets of GDP forecasts for adoption of Parliament

Prime Minister Nguyễn Xuân Phúc delivered to the parliament a report on the COVID-19 prevention and control efforts alongside measures and tasks to restore and develop socio-economic activities in Monday's sitting. — VNA/VNS Photo Văn Điệp

HANOI, May 21 (Vietnam News/ANN) — The Government of Việt Nam is asking the National Assembly to approve a revised down GDP growth, as the coronavirus pandemic continues to ravage the world’s economy.

Prime Minister Nguyễn Xuân Phúc yesterday morning sought approval from the National Assembly (NA) for a lower GDP growth this year, smaller than the original target of 6.9 per cent set last year by the Parliament. Even though the country has already started to resume its economic activities after the domestic situation has been brought under control since mid-April with no new domestically community transmission cases for 34 days so far, the target set has become unrealistic.