Vietnam has prepared the best conditions to spur its economic growth as the global economy is grappling with the severe impacts of the COVID-19 pandemic, experts have said.

Vietnam’s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting major funds, and foreign investors, said foreign experts on the Gulf Today newswire on January 7.

The disbursement of public investment was estimated at VND398 trillion (US$17.24 billion) as of the end of December, meeting 82.8% of the Government’s plan – the highest rate in the 2016-20 period, according to the Ministry of Planning and Investment.

Vietnam posted the fastest growth in Asia in 2020 and will once again be among the most outstanding performers in the region this year, according to the Hong Kong Shanghai Banking Corporation (HSBC).

The Government has recently issued Resolution No.01/NQ-CP on key measures to carry out the 2021 socio-economic development plan and State budget estimate.

Ho Chi Minh City’s gross regional domestic product (GRDP) hit VND1.37 quadrillion (US$59.4 billion at current exchange rate) in 2020, a year-on-year increase of 1.39%.

VOV.VN - Vietnam strives to achieve a GDP growth rate of 6.5% or even higher in 2021, Prime Minister Nguyen Xuan Phuc set a target for ministries and localities at a conference between the Government and centrally-run localities on Dec. 29.

Despite being the lowest in the past three decades, Vietnam’s 2.91% growth recorded this year is still a success of the nation in the context of the COVID-19 pandemic that is ravaging the whole world, according to foreign media.

VOV.VN - Vietnam has achieved a GDP growth rate of 2.91%, an impressive figure despite the impact of the novel coronavirus pandemic, said the General Statistics Office (GSO) at a press briefing in Hanoi on December 27.

Science-technology must become the most important driver in developing modern production forces and a knowledge-based economy to improve productivity, quality, efficiency, competitiveness, and economic growth in Vietnam, Prime Minister Nguyen Xuan Phuc has said.