By VNA / DA NANG Today
January 07, 2021, 16:43 [GMT+7]
Viet Nam has emerged as an economic bright spot with a growth rate of 2.91 percent in 2020, which is attributable to the country’s efforts in containing Covid-19 and timely support policies to people and businesses, international organisations said.
Illustrative image (Source: VNA)
The International Monetary Fund (IMF) predicted that Viet Nam’s economy will strongly recover in 2021, reaching macro stability across spheres, from growth to current account deficit and employment.
In July, the IMF said transparency is a very important factor in Viet Nam’s success, and the multi-media approach has consolidated the people’s trust and ensured that the whole society abide by pandemic control measures.
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Rice export turnover up 10% in 2020
ABO/NDO – Vietnam earned over US$3 billion from exporting rice in 2020, according to the Vietnam Food Association (VFA), a year-on-year increase of more than 10%.
The rice sector is expected to again post high growth this year, when new-generation free trade agreements (FTAs) Vietnam has signed with foreign partners come into play.
Amid the difficulties posed by the ongoing COVID-19 pandemic, rice exporters quickly made appropriate adjustments and actively sought new markets while fully tapping into the advantages brought about by FTAs.
Vice Chairman of the VFA, Do Ha Nam, said 2020 was a successful year for Vietnam’s rice exports, which he attributed to increasing demand in many countries and the improved competitiveness of Vietnamese rice around the world.