Vietnam's strategy to ensure long-term growth lauded
(VOVWORLD) - While containing the COVID-19 pandemic, Vietnam has achieved 1.8 percent GDP growth during the first half of 2020, despite negative figures in most parts of the world, says Suiwah Leung, Honorary Associate Professor of Economics at the Crawford School of Public Policy at Australian National University.
Passion fruit juice is made at Dong Giao Export Food Joint Stock Company (Photo: Hoai Nam/ VNA)
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In an article titled “Vietnam’s economy weathers the COVID-19 storm - good policy or luck?” posted on the East Asia Forum, Suiwah Leung said that “Vietnam’s economy and people are often described as “resilient”. She concludes that, while there might have been an element of luck in short-term trade and investment as well as in the handling of the pandemic, good policy has generally been adopted and will continue to be crucial in ensuring Vietnam’s long-term economic growth.