(VOVWORLD) - Standard Chartered Bank forecasts that Vietnam’s GDP growth will accelerate to 6.7 per cent in 2021 and 7.3 per cent in 2022. The Bank said sectors serving the domestic markets, such as retail, will be the most affected if the COVID-19 pandemic continues.
 (Illustrative photo: VIR) |
Tim Leelahaphan, Economist for Thailand and Vietnam, said Vietnam is on its path to becoming the center of the regional supply chain, a modern industrial economy, and a high-income country. The COVID-19 pandemic was well contained in 2020, which made Vietnam an attractive destination for foreign investors.
He said Vietnam has benefited from the reallocation of the supply chain in recent years and its ability to contain the COVID-19 pandemic will be key for Vietnam’s short-term economic prospect.