Vietnam’s gross domestic product (GDP) expanded by 1.42 percent in the first nine months of 2021 from the same period last year, marking a great success of the country in the fight against the COVID-19 pandemic and maintaining production and business amid the prolonged period of social distancing in many provinces and cities.
The positive achievements in socio-economic development in 2020 amid the prevalence of COVID-19 have offered Vietnam a further premise for the successful realisation of its socio-economic development targets this year.
Many corporations use online video conferencing platforms to maintain business continuity during the period of social distancing. To achieve the best outcomes, everyone should apply appropriate communication skills in virtual meetings.
The consumer price index (CPI) increased by 1.64 per cent in the January to July period, the lowest rate since 2016, with lower food and electricity prices after Government efforts to stabilise prices and support virus-hit citizens and enterprises in the pandemic, according to the General Statistics Office (GSO).
Vietnam enjoys trade surplus of 1.3 billion USD in January
Despite the impact of the COVID-19 pandemic, Vietnam has obtained a trade surplus of 1.3 billion USD in January, according to the Ministry of Industry and Trade.
Vietnam has been successful in controlling COVID-19 in 2020 and is likely to keep the situation contained next year. The country has been seen as an alternative manufacturing hub for companies, given that FDI this year remains very resilient into Vietnam. And it is expected to be one of few bright spots in global economy this year.