Vietnam News

Vietnam’s growth slides to new 30-year low

Vietnam reported economic growth of just 2.58% on Wednesday, beating a 30-year low set last year as the pandemic continues to take a toll.

The communist state has long been a success story among Asian economies, posting growth of seven% in 2019.

But shutdowns caused by coronavirus have battered the export-reliant economy, sending GDP growth plunging to 2.91% in 2020 — the lowest reported in three decades.

The General Statistics Office (GSO) in Hanoi said fourth quarter growth was at 5.22%, but the annual figure was dragged down by a contraction of 6.02% in the third quarter.

« The complicated situation of the Covid-19 pandemic since the end of April seriously impacted commercial and service activities… pulling down the growth of the service sector and the whole economy, » GSO said in a statement.

For at least three months, almost the entire country was in complete lockdown, with a huge impact on production, supply chains and businesses.

GSO head Nguyen Thi Huong gave an upbeat gloss, saying that achieving even the modest growth under such difficult circumstances was a « huge success » in remarks reported by state media.

Vietnam is now trying to reopen by shifting away from its strict « zero-covid » policy.

Around 88% of adults in Vietnam have been fully vaccinated, the country’s health ministry said.

Agence France Presse – December 29, 2021

En poursuivant la visite de ce site, vous acceptez l’utilisation de traceurs (cookies) vous permettant juste d'optimiser techniquement votre navigation. Plus d’informations

En poursuivant la visite de ce site, vous acceptez l’utilisation de traceurs (cookies) vous permettant d'optimiser techniquement votre navigation. Aucune information sur votre utilisation de ce site ne sera partagée auprès de quelconques médias sociaux, de sociétés commerciales ou d'agences de publicité et d'analyse. Cliquer sur le bouton "Accepter", équivaut à votre consentement.

Fermer