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Vietnam eyes 2.5 pct GDP growth

Christian Fernsby ▼ | September 7, 2020
Vietnam targets GDP growth of 2-2.5 percent this year by mitigating the effects of the coronavirus pandemic on major sectors.
Vietnam street
Challenges GDP   Vietnam street
Minister of Planning and Investment Nguyen Chi Dung announced the target at a meeting Friday, saying the country has so far been able to sustain economic growth despite the many challenges brought by the pandemic, which have tipped some economies into recession.

Topics: Vietnam

To sustain growth, the country needs to increase public spending on major infrastructure works, creating more jobs and boosting industrial demand, he said.

It needs to look for new markets, especially for its agriculture produce and especially countries that are facing food security risks, he added.