ECONOMICS (CBSE/UGC NET)

ECONOMICS

TRADE EXCHANGE AND INTERDEPENDENCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In the coming years, Vietnam is expected to grow on:
A
3.7%
B
22.5%
C
5.7%
D
2.5%
Explanation: 

Detailed explanation-1: -The GDP (gross domestic product) in Vietnam is forecast to amount to US$0.63tn in 2026. The real total GDP (gross domestic product) in Vietnam is expected to grow by 10.65% by 2026. The GNI (gross national income) in Vietnam is forecast to amount to US$383.90bn in 2025.

Detailed explanation-2: -Vietnam gdp growth rate for 2021 was 2.56%, a 0.3% decline from 2020. Vietnam gdp growth rate for 2020 was 2.87%, a 4.49% decline from 2019. Vietnam gdp growth rate for 2019 was 7.36%, a 0.11% decline from 2018. Vietnam gdp growth rate for 2018 was 7.47%, a 0.52% increase from 2017.

Detailed explanation-3: -Standard Chartered Bank forecasts Vietnam’s economic growth at 7.2% in 2023 and 6.7% in 2024, following a solid recovery to 8.0% in 2022.

Detailed explanation-4: -The Standard Chartered has indicated that Vietnam’s economy will expand in 2023 at a rate of 7.2%. The State Bank of Vietnam has stated that it will operate monetary policy “flexibly” to keep the inflation rate at 4.5% in 2023, aiming to stabilise the currency and foreign exchange markets.

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