HCMC – Vietnam’s economy has seen strong recovery this year, according to data from the General Statistics Office of Vietnam. The vibrant post-pandemic economic growth of Vietnam has been facilitated by controlled inflation and macroeconomic stability. Between January and October, foreign trade
Directly producing ICT goods instead of assembling them can allow the sector to outstrip the GDP growth by 2-4 times, according to Vietnam’s information and communications minister.
Administrative reform and higher quality of legal framework will be key for Vietnam to enhance efficiency in economic development and integration.
It is not a coincidence that a strong economic growth period happened when the local stock market was setting new records.
Though COVID-19 has sent the global economy into one of its worst recessions ever, Vietnam posted GDP growth of 2.91 percent in 2020 thanks to its solid control of outbreaks and timely support to both enterprises and local people.
Vietnam's economy is expected to grow five time, becoming the 19th largest economy in the world in 2035, a report says.