Economic cooperation by the Swiss private sector has also been steadily increasing since Vietnam’s Doi Moi opening; there still is a big potential for further growth here.

Countries in Asia and the Pacific have leveraged rapid technological progress and digitalization to recover and reconnect to the global economy during the pandemic.

Credit growth recovered after the State Bank of Vietnam cut policy interest rates in October.

Registered FDI reached about US$2.1 billion in December 2020, roughly 28.9 percent lower than inthe previous month, and 66.3 percent lower than inDecember a year ago.

After a sharp dip in the second quarter, when GDP growth registered 0.4 percent (yearover-year [y/y]), growth rebounded a solid 2.6 percent (y/y) in the third quarter, and the economy is...

This prudent monetary policy was partly accommodated at the outset of the COVID-19 crisis, when the authorities decided to provide breathing space to the real sector.

Vietnam is one of the few economies in 2020 to clock in positive growth - at a rate of 2.9% - thanks to a confluence of positive factors including successful early virus containment, quick resumption of work...

Credit to large corporations outpaced retail and SME lending during 1H2020, however, retail and SME lending showed signs of recovery beginning 3Q.

The excellent management of the pandemic has already enabled the country to build a competitive edge over many of its competitors. For example, the country has strengthened its footprint in the world economy by capturing a larger share...

Vietnam’s economic resilience is explained by the behavior of both its domestic economy and its external sector. After three weeks of national lockdown in April, most industrial and service activities rebounded as domestic consumers and...

Vietnam’s economic resilience is explained by the behavior of both its domestic economy and its external sector. After three weeks of national lockdown in April, most industrial and service activities rebounded as domestic consumers and...

Looking ahead, Vietnam’s prospects appear positive as the economy is projected to grow by about 6.8 percent in 2021 and, thereafter, stabilize at around 6.5 percent.