Vietnam has emerged as an economic bright spot with a growth rate of 2.91% in 2020, which is attributable to the country’s efforts in containing COVID-19 and timely support policies to people and businesses, international organisations said.

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.

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.