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%.

Many hotel owners in Ho Chi Minh City have had to close down their hotels as a result of the COVID-19 pandemic although rents at the premises have been cut by up to 70%.

The UK-Vietnam Free Trade Agreement (UKVFTA), expected to come into force in the beginning of 2021, is promising several export opportunities to the European market for Vietnamese garment-textile and footwear enterprises.

VOV.VN - Despite the labour and employment situation during the fourth quarter showing some positive signs in comparison to the initial quarters of the year, the unemployment rate and underemployment rates remain higher than those in 2019, according to figures compiled by the General Statistics Office (GSO).

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.

Credit loans must be always available for production and business enterprises, especially those operating in such areas as agriculture, export and high-tech, Prime Minister Nguyen Xuan Phuc said on December 26. ​

The banking industry's credit is projected to have expanded 11% for the year by the end of December, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu revealed at a press conference on December 24.

The pandemic and uncertainties have put pressure on the global economy. However, Vietnam, though facing many risks, is expected to continue growing well.

The Bank for Investment and Development of Viet Nam (BIDV)'s foreign-currency deposit rating has been raised from B1 to Ba3 by Moody’s.

VOV.VN - The nation’s human development index (HDI) value for 2019 stood at 0.704, thereby putting the country in the high human development category and earning it a position of 117th out of 189 nations and territories globally.