Credendo's study evaluating the investment risk in Vietnam. (Photo: VNA)

The study shows that Vietnam is continuing its successful economic story after an outstanding performance in controlling the COVID-19 pandemic.

The study says that Vietnam is now benefiting from a changing trade environment and supply chain re-organization. Free trade agreements Vietnam has signed since 2019, such as the European Union-Vietnam FTA (EVFTA) and the Regional Comprehensive Economic Partnership (RCEP), will boost its trade and FDI inflow.

The ASEAN 3 Macroeconomic Research Office (AMRO) also released an assessment, in which Vietnam’s GDP growth is forecast to rebound to 7 percent in 2021, driven by a recovery in external demand, a resilient domestic economy, and increased production capacity. After a sharp drop in the second quarter of 2020, Vietnam’s economic growth started to rebound in the third quarter. Continued policy support is essential to bolster the nascent economic recovery and facilitate the transition to the post-pandemic “new normal”, AMRO said.