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.
Vietnam’s growth is projected to strengthen further to 6.5% as normalization of domestic and foreign economic activity continues, stated the IMF.
Vietnam’s manufacturing purchasing managers' index has risen a lot more quickly and strongly than the rest of ASEAN.
Assuming there is no further massive outbreak domestically, it is expected the recovery to extend further in the fourth quarter.
In contrast to Vietnam’s positive outlook, the ADB has trimmed its forecasts for economic growth in developing Asia this year and next year.