Standard Chartered forecasts Vietnam GDP growth of 7.8% in 2021
Manufacturing could be the main driving force that helps Vietnam to become one of the fastest growing economies in Asia in 2021.
Manufacturing could be the main driving force that helps Vietnam to become one of the fastest growing economies in Asia in 2021.
A key strength in Vietnam’s business environment is the country’s proliferating membership of free-trade agreements.
In 2021, Vietnam is set to benefit from a tech-led recovery, consistent FDI inflows and numerous trade agreements.
Such growth rate would make the Vietnamese economy the highest growth in the Southeast Asia, with the GDP growth expected to bounce back to 6.1% in 2021.
Asia is home to the top 10 busiest domestic air routes in November 2020.
Vietnam is a prime candidate for the ongoing shift of value chains in Asia, said a senior executive of the French Business Confederation (MEDEF) International.
UNESCO will help Hanoi connect with cities in other countries as well as those who are interested in the city’s development.
Families throughout Asia and the Pacific rely on money sent by relatives overseas. These remittances are threatened by the pandemic but policy actions can help.
In Vietnam, the largest youth job losses are seen in the textile industry with 15% of total, followed by hospitality & catering services, and agriculture.
To mitigate the damage, governments should focus on containing the pandemic, helping families and supporting businesses.