Vietnam economy has become a shining star during Covid since it has minimized the damages from the crisis and is the only country in South East Asia to report growth this year.
Trade surplus in November plunged to $600 million from a $2.9 billion surplus in October, according to data from General Statistics Office.
The Regional Comprehensive Economic Partnership, which was signed between China and 14 countries, the world's largest trade pact, is seen as a catalyst for Asia to retain growth momentum, HSBC leader said.
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The economy’s credit grew 7.26 percent as of November 17, according to Deputy Governor of the State Bank of Vietnam Dao Minh Tu, who talked during a recent conference in Hanoi.
China has become the first country to have a bilateral trade value of $100 billion with Vietnam this year.
Vietnam, one of the world’s fastest-growing economy in 2020, is expected to enjoy 2.4 percent this year, up 0.8 percentage point compared to previous forecast, the International Monetary Fund has said.
Vietnam reported a trade surplus of $19.5 billion in 10-month period, up from $9 billion surplus of the same period in 2019, according to data released by General Department of Customs.
The Regional Comprehensive Economic Partnership will give the Vietnamese economy access to a further one-third of the world’s population and attendant opportunities for export growth.
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