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Vietnam GDP growth 2.91 percent

Christian Fernsby |
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.

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Topics: VIETNAM   

Like other countries, the pandemic had a devastating impact on the country’s economy and society, with tens of millions of workers affected and business closures at a record high.

Despite the formidable challenges, however, Vietnam has been viewed as a bright spot in the bleak picture that is the global economy. The country was one of the 10 economies with the highest GDP growth in 2020.

Many international institutions spoke highly of Vietnam’s economic growth and its efforts to bring the pandemic under control.