On the back of the estimated GRDP growth rate of 7.46% in 2019, a four-year high, Hanoi targets the GRDP in 2020 to grow at least 7.5% onwards.

A growing role of the private sector in the economy would help Vietnam overcome challenges and quickly adapt to international practices, said experts.

A draft decree on ODA is expected to address pending issues and obstacles existed in the current regulations.

The improvement in disbursement rate in the first two months of 2020 was partly thanks to the effectiveness of the revised Public Investment Law since early 2020.

FDI commitments in the January – March period totaled US$8.55 billion, down 20.9% year-on-year.