It is a miracle that Vietnam still maintains positive GDP growth in the current crisis, showing the country has succeeded in realizing the dual target of both containing the pandemic and boosting economic growth.

State budget allocation would continue to be prioritized for the Covid-19 fight, recovery efforts in the wake of natural disasters, social welfare, national security and foreign affairs.

Over the past five years, Vietnam has generated around US$1.2 trillion worth of GDP and ensured a stable macro-economic environment for development.

Domestic production and exports are key driving forces for Vietnam’s economy this year, state an expert.

Major cities such as Hanoi and Ho Chi Minh City should set an example in economic recovery efforts, Prime Minister Nguyen Xuan Phuc has said.

The economy is likely to stage a stronger recovery in Q4 this year, versus 2.6% y-o-y real GDP growth in Q3.

A resurgence of Covid-19 in a number of countries across the world and geopolitical tensions between major powers continue to pose major risks to Vietnam’s economy.

Vietnam is one of the few Asian economies to have registered positive growth so far this year, despite the second wave of infections.

The country would remain the only one with positive growth among five major economies in ASEAN, and its economic growth would rebound to 6.7% in 2021.