Illustrative photo. (Source: VNA) Hanoi (VNA) – Vietnam is expected to mount a“strong recovery in 2021”, with growth projected to strengthen to 6.5 percentas domestic and foreign economic activity stablished, the UK-based news outletproactiveinvestors.co.uk (Proactive) has cited a report from the InternationalMonetary Fund (IMF).
In a story published recently, the newswire highlightedVietnam as one of the most successful countries in minimising the impact of thecoronavirus on its economy, with the IMF saying the Southeast Asian nation’scontainment of the virus should allow its economy to stage a fast rebound inthe post-pandemic world.
The IMF said Vietnam’s growth this year is expected to be2.4 percent, among the highest in the world, thanks to the country’s “decisivesteps to contain the health and economic fallout from COVID-19”, Proactivereported.
The IMF’s view has been echoed by investment firm VietnamHolding Limited which has said Vietnam’s resiliency during the pandemic had“helped raise its profile as a major trade partner” and expected traderelations with the country and other nations to “gain further momentum”.
The group also anticipated that the country’s economy will returnto an expansion rate above 6 percent next year given its “multiple engines ofgrowth”, Proactive said.
Vietnam’s status as a trading partner is also likely to bebolstered by the recently announced creation of the Regional ComprehensiveEconomic Partnership (RCEP), a free trade agreement between 15 countries in theAsia Pacific region that will form the world’s largest trading bloc.
It quoted Craig Martin, chair of Vietnam Holding’sinvestment manager Dynam Capital, as saying that the RCEP could add 1 percentto the Vietnamese economy over a few years.
Trade deals like this further accelerates Vietnam’s growthstory, Matin said./.
VNA
