Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB).
Though COVID-19 has sent the global economy into one of its worst recessions ever, Vietnam posted GDP growth of 2.91 percent in 2020 thanks to its solid control of outbreaks and timely support to both enterprises and local people.
Vietnam posted the fastest growth in Asia in 2020 and will once again be among the most outstanding performers in the region this year, according to the Hong Kong Shanghai Banking Corporation (HSBC).
Foreign investors had poured more than 28.5 billion USD into the Vietnamese market as of December 20, equivalent to 75 percent of the amount in the same period last year.
Foreign investors had poured more than 28.5 billion USD into the Vietnamese market as of December 20, equivalent to 75 percent of the amount in the same period last year.
Vietnam had attracted a total of 26.43 billion USD in FDI this year as of November 20, equal to 83.1 percent of the figure in the same period last year, according to a recent report from the Ministry of Planning and Investment.
Although COVID-19 has limited the travelling of investors, Vietnam is still a bright spot in attracting FDI in some fields
Vietnam attracted 26.43 billion USD in foreign direct investment (FDI) in the first 11 months of 2020, according to the Ministry of Planning and Investment.
The Eurasian Times has recently published an article on Vietnam’s success in attracting foreign direct investment (FDI), saying the Southeast Asian nation has emerged an FDI hub in Asia.
The 16th Party Congress of the northern port city of Hai Phong for the 2020-2025 tenure kicked off on October 14 with the participation of 350 official delegates.
Politburo member and National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan on October 13 asked Khanh Hoa province to strive to become a driving force for growth in the south-central and Central Highlands regions.
Since the Democratic Republic of Vietnam was established on September 2, 1945, the country has risen from a zero-budget nation, which had to call for contributions from citizens, to a middle-income country with a dynamic economy.
Ho Chi Minh City is expected to reach 10 out of 13 key targets despite difficulties and challenges both domestically and internationally. One outstanding result is that the proportion of the city’s economy in the national economy continues to rise and now accounts for more than 22%.