Industry, trade and investment to boost Vietnam's strong growth: ADB
But a faltering global vaccine roll-out could impact its ability to return to its strong pre-pandemic growth path
Singapore
VIETNAM is expected to see a strong and steady growth of 6.7 per cent this year and 7.0 per cent in 2022, propelled by export-oriented manufacturing, increased investment and expanding trade in spite of the resurgence of Covid-19 infections among some of its neighbours.
According to the Asian Development Bank (ADB), stagnant domestic consumption and weak external demand caused by the Covid-19 pandemic slowed Vietnam's growth last year, but the growth momentum is strong this year and next, thanks to the country's success in controlling the virus spread.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South-east Asia heat wave shuts schools, stokes power demand
Star Entertainment chair Foster steps down, adds to management exodus
Fading bets of early RBA cuts frustrate Albanese reelection plan
France moves to acquire key activities of tech giant Atos
Hamas says no ‘major’ issues, as Gaza truce effort builds
Thai power demand hits record as extreme heat prompts warnings