Photo for illustration. (Source: congthuong.vn)
Specifically, CEBR forecasts that Vietnam’s economy will grow at an average of 7% in the 2021-2025 period, 6.6% in the next 10 years, and that it will surpass Taiwan (China) and Thailand by 2035. These two economies are forecast to rank 21 and 25, respectively.
The CEBR report confirmed that thanks to better control of the COVID-19 pandemic than elsewhere in the world, Vietnam's economy in 2020 will still achieve positive growth.
According to statistics released by the General Statistics Office (GSO), Vietnam’s gross domestic product (GDP) grew by 2.91 percent this year.
CEBR says it has 25 years of experience in providing highly accurate independent economic analysis and forecasts for hundreds of private companies as well as public institutions./.