The 13th National Congress of the Communist Party of Vietnam (January 25-February 2, 2021) is one of the most prominent political events this year.

Southeast Asia’s economic growth will rebound to 6.2 per cent in 2021 with Vietnam achieving 8 per cent growth, according to the latest economic outlook report from Oxford Economics commissioned by chartered accountancy body ICAEW.

Since the beginning of its reform in the late 1980s, Vietnam has achieved extraordinary results in its economic development.

Vietnam must maintain its growth momentum in the next two decades in order to escape the middle-income trap by 2045 - a key objective set by the government's development vision for 2030 - and the only way to do so is to invest

Vietnam is expected to be the only Southeast Asian economy to achieve growth this year, with its GDP rising by a likely 2.3 per cent.

Over past decades, Vietnam has weathered all difficulties to orchestrate economic miracles, with its deepened international integration bringing about massive opportunities to expand trade and investment.

Economists have predicted the resurgence of the COVID-19 pandemic could leave Vietnam facing its lowest level of economic growth in 35 years.

HSBC economists forecast GDP expansion of 3% in 2020 for Vietnam, the only ASEAN country they expect to have positive growth this year.

Vietnam is projected to be the fifth highest-growing economy in the world this year and the country has a unique opportunity to increase its footprint in the global economy in both trade and investment, 

Vietnam posted an economic growth of 6.98% in the first nine months of this year. Experts said the result gives momentum for the economy to achieve its yearly target of 6.8 percent.

Fitch Solutions maintains its forecast that Vietnam’s real GDP growth will come in at 6.5% in 2019, a fall from 7.1% in 2018, partly due to unfavourable base effects potentially occurring in the remainder of 2019 and slowing global demand.