As 2024 draws to a close, Vietnam’s economy is nearing the finish line of its annual targets, and continued efforts are needed to secure the best possible outcomes.

The UK's forecasting and quantitative analysing company Oxford Economics has given positive assessments on Vietnam, highlighting the rising role of the country in the global manufacturing supply chains.

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

The textile industry in the CLMV (Cambodia-Laos-Myanmar-Vietnam) has come under near-term threat from the global COVID-19 outbreak, especially for key producer Cambodia. ​

VOV.VN - Vietnam’s recovery prospects appear to be the brightest in the region following the country’s effective containment of the COVID-19, with the Vietnamese economy anticipated to be the only one in Southeast Asia to record positive growth this year.

Vietnam’s effective containment of COVID-19 should allow it to make a quicker rebound than most other economies in the region and its GDP growth can be around 2.3% this year, Sian Fenner, an economist from Oxford Economics wrote in a July 14 report.