Last year, Vietnam’s economy was worth USD343 billion while Singapore’s was USD337.5 billion, and Malaysia’s hit USD336.3 billion. This ranks Vietnam the 40th largest economy globally and fourth in the Association of Southeast Asian Nations (ASEAN).
Workers produce electronic components at a factory in Vinh Phuc province (Photo: VNA)
Despite two waves of COVID-19 in the first half of this year heavily impacting industrial hubs, Vietnam still posted gross domestic product (GDP) growth of 5.64 percent. Its export revenue rose 28.4 percent compared to the same period last year.
Although GDP expanded slower than expected, it was still much higher than the 1.82 percent recorded in the same period last year.
This suggests that policies, strategies and directives aimed at both controlling the pandemic and ensuring socio-economic development have been effective./.
