Vietnam's GDP to grow by 8 percent in 2021
Southeast Asia’s economic growth will rebound to 6.2 percent in 2021 with Vietnam achieving 8 percent growth, Vietnam News cited latest economic outlook report from Oxford Economics.
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A government think tank has pegged economic growth at 6.46 percent this year thanks to the country’s success in containing the Covid-19 outbreak and maintaining stability.
The US administration on Friday said Vietnam’s actions to push down the value of its currency are “unreasonable” and restrict U.S. commerce, but did not take immediate action to impose punitive tariffs.
Vietnam has surpassed Germany to become China's sixth largest trading partner, marking a positive achievement in trade relations between both sides, according to data from the General Administration of Customs of China.
Southeast Asia’s economic growth will rebound to 6.2 percent in 2021 with Vietnam achieving 8 percent growth, Vietnam News cited latest economic outlook report from Oxford Economics.
Despite lingering headwinds, Vietnam’s GDP is expected to grow 7.6 percent in 2021 thanks to the benefit from numerous FTAs, consistent FDI inflows and a tech-led recovery, according to a HSBC report.
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