With its early success in containing the Covid-19 pandemic, Vietnam is having a jump-start among potential investment destinations in attracting a new wave of FDI.

VinaCapital estimated Vietnam’s GDP growth would decline by three percentage points this year to 4% from 7.02% in 2019.

Vietnam emerged as top beneficiary from manufacturing diversifying production away from China, as the latter has lost its competitive edge five years ago.

Given the growing US – Vietnam diplomatic relations and Vietnam’s willingness to address the US's concern related to trade issues, the chance for this to happen is nearly zero, said an expert.

Higher inflationary pressure, unstable crude oil and gas prices from geopolitical tension and the ongoing US – China trade war are among major risks to Vietnam’s economy this year.

In a world with growing uncertainties, Vietnam’s economy would still be able to pick up the growth momentum from last year, thanks to a number of favorable conditions.

In 2020, the country’s domestic demand is set to benefit from generally supportive financial conditions amid low inflation and robust capital flows.

The resolution is a necessary move to ensure sustainable development of Vietnam’s exports and lawful rights of local compliant traders.

This part reviews outstanding internal and external economic events of Vietnam in the past year.