Vietnam's growth outlook to depend on authorities' response

Vietnam's growth outlook to depend on authorities' response to new outbreak: WB


Tuesday, 12:36, 23/02/2021
Vietnam’s growth prospects will depend on how well and how quickly the authorities will bring the new coronavirus outbreak under control and how quickly international and national vaccinations will proceed, according to the World Bank (WB).
The fibre production line of the Phu Tho Textile Co. Ltd
In its Vietnam Macro Monitoring report issued earlier this month, the WB said January’s industrial production index jumped by 24.5% year on year, the highest growth rate since the beginning of 2019. Merchandise exports and imports respectively grew 51.8% and 41.8% from the same period last year.
The preliminary January goods trade surplus is estimated at US$1.1 billion. Exports to the US and China continued the robust growth of 2020 while those to the EU, ASEAN, Japan and the Republic of Korea (RoK) bounced back strongly. Similarly, imports from the RoK, ASEAN and the US joined those from China, Japan and the EU to stay in expansionary territory.

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