Tag: vietnam human capital index

Vietnam economy in 2020: 11 key facts and trends

2020-real-GDP-growth-rate-by-IMF-Jun-2020-for-Vietnam-Indonesia-Malaysia-Philippines-Thailand-India-and-the-world

Vietnam has done an excellent job thus far when it comes to the Covid-19 pandemic. A country of more than 97 million people, a direct land border with China, Vietnam implemented quick, decisive border closure, testing, contact tracing, isolation, and quarantining. The social unity, comprehensive public awareness campaign, and government transparency in dealing with the crisis are critical ingredients for success too.

But it is far from over.

Like the global economy, Vietnam is now struggling to contain the economic fallout from the pandemic. Given the recent global interest in the Vietnam economy, especially regarding its potential as a factory relocation from China, I write this post to include some key figures, facts. I try to use third party, English sources so that you can verify the numbers.