According to the January 2020 update report, the IMF predicts that the global economy will grow from 2.9% in 2019 to 3.3% in 2020 and reach 3.4% in 2021 - an increase.
growth in 2019 and 2020 decreased by 0.1 percentage points, by 2021 by 0.2 percentage points compared to the forecast for October 2019. In 2019, the USD fluctuated with the narrowest exchange band for decades. Specifically, the greenback has at times been quite strong in value decline
January 2019 and early February, however, quickly rebounded and reached the highest level in the third quarter.
Gross domestic product (GDP) for the whole year of 2019 is estimated to increase 7.02%, although lower than the increase of 7.08% in 2018 but higher than the increase of the years 2011-2017. 2019 reached US $ 517 billion, up 7.7% over the same period last year. For the whole year of 2019, the trade balance continued to record a trade surplus of 9.9 billion USD (up 46.2% over the same period last year). The ratio of public debt to GDP in 2019 is estimated at 56.1%, lower than the rate of 58.4% at the end of 2018. Credit growth to the end of 2019 is estimated at 13.5% compared to the end of 2018, this is the lowest increase. in the last 5 years. The total value of M&A deals in Vietnam in 2019 is estimated at 7.6 billion USD and is forecasted to continue to maintain at 7-7.5 billion USD in 2020. Vietnam’s participation in free trade agreements in recent years such as AEC, CPTPP, EVFTA ... will be an opportunity to boost exports.