Professor Vladimir Mazyrin, leader of the Centre for Vietnamese and ASEAN Studies of the Far East Institute of the Russian Academy of Sciences, has described the results of economic development of Vietnam in 2020 as an extraordinary success.

Vietnam will enter the “elderly population structure” in 2026, which will last for 28 years until 2054, according to an in-depth study of the 2019 population and housing census.

Despite a decline in state budget revenue, remittances, and foreign direct investment, Vietnam is expected to see positive growth with a surplus in current account this year thanks to a rise in export turnover and foreign currency reserves.

VOV.VN - The nation looks set to enjoy a wealth of opportunities to increase export turnover of numerous key products to the UK through the enforcement of the UK – Vietnam Free Trade Agreement (UKVFTA).

The UK-Vietnam Free Trade Agreement (UKVFTA), which will come into force at 23:00 on December 31, 2020, will open the door wider for bilateral economic and trade ties and help form a solid foundation for their strategic partnership to reach a new height.

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%.

Da Nang’s gross regional domestic product (GRDP) has been estimated to be down 9.77% this year to about VND100 trillion compared to 2019 due to COVID-19, a press conference held on December 29 to announce the central city’s socio-economic figures for 2020 heard.

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.

Vietnam is considered one of the 10 nations with the highest gross domestic product (GDP) growth in the world in 2020 and one of the 16 most successful emerging economies, Party General Secretary and State President Nguyen Phu Trong has said.