Fact check: Vietnam’s growth at 5% in 2020 is too optimistic?

Question: While IMF projects Vietnam’s growth at 2.7% for 2020, Vietnam Prime Minister expects over 5%, roundly double. Is this forcast is too optimistic?

Answer: NO.

Reason: Earlier Asian Development Bank and World Bank forecast that Vietnam’s growth will decline to 4.8% and 4.9% this year. In addition, the Vietnam’s General Statistics Office announced last month that the economy has expanded by 3.82% in the first quarter.

Credict photo: Vietnam is making millionaires and welcoming millionaires, too. PHUNG HUYNH VU QUI / GETTY IMAGES

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