World bóng đá bet88: 2021 growth may reach 4.8% but with risks

At an online press conference held by the World bóng đá bet88 to release its “Digital Vietnam - The road to the future” report on August 24, World bóng đá bet88 Senior Economist Ms. Dorsati Madani said that Vietnam’s economy recorded growth in the first half of 2021 but is facing serious risks caused by Covid-19.

bóng đá bet88 domestic economy has been particularly affected by strict social distancing. Conversely, bóng đá bet88 country’s competitors have superior vaccination rates and are restarting production and may recapture some of bóng đá bet88 market share lost to Vietnam last year. bóng đá bet88 pandemic has also had a strong impact on bóng đá bet88 labor market and households, not only reducing incomes but also creating deeper inequality between groups.

Ms. Madani also said that financial sector risks are increasing due to the crisis. While new or restructured bóng đá bet88 credit provides welcome support to affected businesses, it also contributes to the transfer of risk from the real economy to the financial sector. She emphasized that agencies implementing monetary policy in Vietnam need to be cautious about the increasing risk of bad debts and adopt a plan to deal with them as well as develop a clear mechanism to address weak and troubled banks.

Regarding fiscal risks, she said that although bóng đá bet88 government still has sufficient fiscal space, international experience shows that bóng đá bet88 fiscal situation could deteriorate relatively quickly if bóng đá bet88 pandemic remains serious. bóng đá bet88 government may have to expand its fiscal support package, which has been modest so far, while budget revenues may be negatively affected by bóng đá bet88 weaker-than-expected economic recovery.

Despite the risks, the World bóng đá bet88 said that Vietnam’s economy could grow by about 4.8 per cent this year and gradually move towards pre-pandemic levels of 6.5-7 per cent from 2022 onwards. Its analysts believe that technology will play an important role in the future of the economy, thus suggesting the country improve technology, enhance creative innovation, and promote security and access to information.