In order to ensure transparency and publicity, Vietnam invited the International Monetary Fund (IMF) and representatives of the United Nations to take part in the recalculation process.

The World Bank has revised up its growth forecast for Vietnam from 6.5% to 6.8% in 2019.

The economy is subject to a strong rebound of 7% GDP growth in 2021.

The economy could expect a boom in private consumption in the post-pandemic period, ranging from tourism, shopping, catering services, to healthcare, said an expert.

Standard Chartered Bank is the latest institution to trim Vietnam's growth projections due to weaker external demand and domestic consumption.