ICAEW: Vietnam's GDP likely to expand 7.6% in 2021
VOV.VN - Despite the negative impact of COVID-19 pandemic, the nation's GDP is set to grow 7.6% this year, the highest rate in the whole region, according to the Institute of Chartered Accountants in England and Wales (ICAEW) in its latest Southeast Asia Economic Outlook report.
The report outlines that despite facing the fourth wave of the pandemic, the country’s growth outlook remains optimistic moving forward. Indeed, the national economy is forecast to return to the level of growth previously achieved before the recurrence of COVID-19, meaning that Vietnamese GDP is forecast to surge by 7.6% this year, the highest throughout the entire region.
Most notably, Vietnam represents one of the few economies globally to have enjoyed growth in 2020 due to its success in combating the spread of the pandemic. This success has helped the national economy to benefit from an increase in global business activities along with greater foreign investment, thereby boosting the local manufacturing industry and exports.
