“By all standards, Vietnam has managed the crisis very well. Looking ahead, Vietnam’s prospects appear positive as the economy is projected to grow by about 6.8 per cent in 2021 and, thereafter, stabilise at around 6.5 per cent. This projection assumes that the COVID-19 crisis will be brought gradually under control,” said the World Bank in its economic update for Vietnam released over two weeks ago. The update continued, “Vietnam’s economic resilience is explained by the behaviour of both its domestic economy and its external sector. Not only has the private sector reacted positively to the gradual easing of social distancing and mobility measures, but the government has changed the course of its fiscal policy to support the recovery.” … [Read more...] about New economic priorities for a new year
