The prediction was made by economists at the 2020 Forum on Investment and Business Development in Ho Chi Minh City on Monday. 

Dr. Tran Du Lich, a member of the Economic Advisory Group to the Prime Minister, said: “Vietnam’s economic growth rate in 2019 was over 7% but the National Assembly set a target of only 6.8% for 2020. The factors set to contribute to macro-economic stability will be maintained to create a launch pad for strong economic growth in the 2021-2025 period but it’s difficult to expect this year’s economic growth to be as high as in the last two years.”

In 2020, Vietnam will wrap up its 5-year socio-economic development plan which started in 2016 and design future plans.