Growth could be aided by a revival of domestic demand, an acceleration in the disbursement of public investment funds, an expansion to new export markets, and the expected global economic recovery.
Vietnam’s strong fundamentals remain and the country has built an enviable position in the global supply chain over the past years through its set of FTAs.
Stocks from firms in fields of retail, tourism, or aviation may become attractive once the process of reopening the economy is accelerated.
The acceleration of the vaccine rollout should help Vietnam’s economy to return to its pre-pandemic growth level next year.
Vietnam’s economy could take a few positives out of the pandemic and stay competitive in the long run.
The government has set up an FDI task force to support multinationals and foreign businesses grasping investment opportunities in Vietnam.
The biggest challenge for Vietnam’s economy in 2021 is whether the country could deal with another resurgence of Covid-19 outbreak.
In the next five years, Hanoi is set to have an e-government in place that serves as the foundation towards the establishment of a digital government.
Trading activities were among the highlights of the economy in 2020 with an all-time high trade surplus of US$19.1 billion and contributed to a positive economic growth of 2.91%.
Such a deal would ensure a more comprehensive bilateral cooperation in various spheres, especially economy and trade, stated the Spokesperson of Vietnam’s Ministry of Foreign Affairs Le Thi Thu Hang.