Netherlands-Vietnam Chamber of Commerce (NVCC)

Vietnam’s economy weathers the COVID-19 storm — good policy or luck?

Vietnam’s economy weathers the COVID-19 storm — good policy or luck?

Source: Suiwah Leung, ANU , East Asia Forum, 6 October 2020

Vietnam’s economy and people are often described as ‘resilient’. Nowhere is this more befitting than in relation to the COVID-19 pandemic. After successfully tackling COVID-19, Vietnam still recorded 1.8 per cent GDP growth during the first half of 2020 despite negative growth in most parts of the world.

According to the World Bank’s July 2020 Taking Stock report, Vietnam’s recent economic performance is a result of its twin engines of growth — export demand and domestic consumption — firing sequentially during the first two quarters of 2020.

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