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1. GDP growth amidst severe global economic downturn Given the severe global economic downturn caused by COVID-19 in the year, Vietnam is among very few countries to post GDP growth, estimated at 2.5-3 percent. This is attributable to the flexible management of the Government and the determination of the entire political system to complete the dual goals of containing the pandemic and maintaining economic growth. The result creates a crucial foundation for the country to fulfil socio-economic targets during the 2021-2025 period. 2. Vietnam – founding member of the world’s largest free trade agreement area The RCEP agreement was officially signed on November 15, within the framework of the 37th ASEAN Summit organised by Vietnam as ASEAN Chair 2020. The pact is expected to create the world’s first-ever largest free trade agreement area with combined GDP of 26.2 trillion USD or around 30 percent of the global GDP and nearly 28 percent of the global trade. A ....
Experts have been optimistic about Vietnam’s economic growth in 2021 based on the latest situation, as well as the sound decisions and policies adopted by the Party and Government. ....