VOV.VN - The Vietnamese economy has remained extremely resilient throughout the year despite the adverse impact of the novel coronavirus (COVID-19) pandemic, with import-export activities witnessing a gradual bounce back, according to insiders.
VOV.VN - Vietnam’s total import-export turnover reached approximately US$490 billion during the past 11 months of the year, representing an annual increase of 3.6%, according to statistics released on December 3 by the General Department of Vietnam Customs.
German newspaper Neues Deutschland (New Germany) published an article on November 28 by Julia Behrens highlighting Vietnam's rapid response to the COVID-19 pandemic as well as the fact that the Vietnamese government has put the health of the people ahead economic benefits.
The primary reason for positive economic growth this year is decisive steps to contain the health and economic fallout.
VOV.VN - The number of international travelers to the nation this year is anticipated to fall by over 80%, while the figure for domestic tourists will witness a 45% fall, resulting in estimated losses of US$23 billion.
Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on November 25 for representatives from 124 enterprises which are honoured with Vietnam National Brand this year.
Weak regional connectivity across land, air and sea has hampered the growth of the southeastern region of Vietnam. Economists believe for the region to develop, it needs to change its mind set and strategy.
Outstanding loans in Vietnam exceeded VND8.79 quadrillion (US$378.74 billion) as of November 17, an increase of 7.26% from the end of 2019, according to the State Bank of Vietnam (SBV).
VOV.VN - Vietnam is set to be one of the few countries globally to record positive economic growth this year, despite the global collapse in trade, travel, and investment caused by the novel coronavirus (COVID-19) pandemic, according to an article recently published by the Asia Times, an English language news media outfit.
Vietnam’s digital economy is expected to reach US$14 billion in 2020, a year-on-year increase of 16%, and will likely reach US$52 billion in 2025, re-accelerating to nearly 29% in compound annual growth rate, according to a report from Google, Temasek and Bain & Company.