Vietnam’s role as a global manufacturing hub will fuel growth

Vietnam was one of only a few economies globally to grow in 2020. A strong recovery in export-orientated manufacturing fuelled a 2.9% gross domestic product (GDP) increase. Indeed, goods exports in USD terms were up 6.9% in 2020, which while a moderation from the 8.5% growth witnessed in 2019, was still a significant achievement considering that world trade in USD terms fell 7.8% in 2020. written by Sian Fenner (Lead Asia Economist at Oxford Economics)

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