Vietnam’s economy to grow 6.5-7.5 pct in 2025

HANOI, Sept. 18 (Xinhua) — Vietnam’s economy is forecast to grow around 6.5 to 7.5 percent next year in the economic development scenarios presented by the Ministry of Planning and Investment, local media reported Wednesday.
The country’s gross domestic product (GDP) growth is predicted at 6.5-7 percent in its first scenario with the inflation rate staying at 4-4.5 percent. The average economic expansion for the 2021-2025 period will be 5.8-6 percent.
In the second scenario, the ministry eyes a GDP growth of around 7-7.5 percent, and inflation rate at 4.5 percent. The average GDP growth is projected at 5.9-6.1 percent.
The ministry has been in favor of the first one since the domestic economy has been affected by adverse external developments, while several intrinsic problems could not be improved in a short term.
The Asian Development Bank predicted that the Vietnamese economy will grow 6.2 percent in 2025 while the World Bank forecast a 6.5 percent growth next year. ■