In 2020, the Government expects GDP to increase by 2.5-3%


Accordingly, at the Government’s regular September press conference, the Minister, Chairman of the Government Office Mai Tien Dung said, during the Government meeting held on October 2 morning, Prime Minister Nguyen Xuan Phuc beat Vietnam prices have crossed the bottom of the letter V and are gradually recovering.

During the Covid-19 crisis, Vietnam’s growth for three consecutive quarters decreased year on year but remained positive. In which, it was 3.68% in the first quarter, 0.39% in the second quarter, and 2.62% in the third quarter.

Minister Dung quoted the Prime Minister as saying that the dual goal (both fighting epidemics and economic growth) has been “seriously implemented and achieved good results”. Before the recorded results, the Ministry of Planning and Investment expected GDP for the whole year to reach 2.51%. However, at the meeting, the Prime Minister stated his determination to grow this year to 2.5-3%.

The Prime Minister requested and accelerated the economic recovery process, striving to achieve the growth rate of 2.5 to 3% in the year. Accordingly, it is necessary to build a value chain model for each priority product, focusing on solving difficulties for projects and programs to promote growth.

With successful anti-epidemic results, the economy has had many bright spots in 9 months. For example, export surplus reached a record of 17 billion USD, of which, the domestic economic sector had export growth of over 20%. 30 export items reached over 1 billion USD and 5 items over 10 billion USD. FDI attraction has reached over 21 billion USD. The Purchasing Managers’ Index (PMI) rose to 52.2 points in September, the highest in ASEAN.

In addition, the macroeconomic indicators were stable, inflation was controlled at a low level, the average consumer price index in 9 months increased by 3.85% over the same period last year. Public investment disbursement also reached the highest level in the past 5 years with a total implementation of over 300,000 billion VND, equivalent to 60% of the annual plan.

The South

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