Gdp

Fitch Solutions holds a more optimistic view on Vietnam’s economic rebound in 2021, with its real GDP growth forecast at 8.6%, against the government’s 6.5% target.

Vietnam’s strong growth momentum in manufacturing is expected to continue in 2021, supported by growing external demand from trade deals such as the EVFTA, UKVFTA, and RCEP.

As the world is struggling with unprecedented crisis from the Covid-19 pandemic, Vietnam has emerged as one of the most successful stories by putting the deathly virus under control and boosting strong economic growth.

The country is projected to grow 6.8% in 2021 on condition that the pandemic be contained.

Innovation, science and technologies will serve as major pillars to spur Hanoi’s development in the future, Hanoi’s Mayor Chu Ngoc Anh has said.

Vietnam continues to stay as an outperformer in the Asia – Pacific region amid the Covid-19 pandemic, stated an S&P expert.

Hanoi aims to develop rapidly and sustainably towards a green, smart, modern city with high competitiveness in the country by 2025.

While Vietnam continues to pursue the dual target of containing the pandemic and boosting economic recovery, protecting people’s lives remain the government’s utmost priority, Prime Minister Nguyen Xuan Phuc has said.

Vietnamese exporters might find it easy to meet the required rules of origin for their products as a significant portion of its production input is sourced from China and South Korea.

The focus of the government’s support this time would be for enterprises with high spillover effects to the economy, especially in fields of aviation, tourism and consumer products.