Vietnam’s economy may grow 5.3% in best scenario

(VOVWORLD) - The Vietnam Institute for Economic and Policy Research (VEPR) on Wednesday launched the Vietnam Annual Economic Report 2020. 
Vietnam’s economy may grow 5.3% in best scenario - ảnh 1Dr. Nguyen Duc Thanh, chief editor of the Vietnam Annual Economic Report 2020, speaks at the launch ceremony in Hanoi on June 17, 2020  (Photo: SGGP)

This year's report, themed “Consolidating the Base for Fiscal Policy”, focuses on the Vietnamese tax system in both regional and global contexts, thereby pointing out opportunities and challenges to the country’s fiscal system in supporting the sustainable development of the economy. 

According to experts, the country’s economic growth rate for the whole year could reach 5.3% in its best possible scenario, 3.9% in moderate scenario, and 1.7% in worst scenario. The annual average inflation is projected to be below the set target of 4%.  

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