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.
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