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
Add BT as a preferred source
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.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
