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Weekly Vietnam Economy News (07 – 12/11, 2020)

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Vietnam is focused on achieving its growth target Vietnam is focused heavily on achieving its parallel goal of fighting COVID-19 and sustaining economic growth in the first nine months of 2020. Vietnam’s efforts have paid off, with GDP growth 9 months at 2.12%. Although this rate is the lowest Vietnam has published in a decade, it still compares favorably with the economic disasters that the pandemic has caused in many countries around the world. According to the Ministry of Planning and Investment, processing and manufacturing is still the driving force behind the Vietnamese economy, recovering in October and growing 8.3% year-on-year. The growth of the industry in particular and the economic growth of the country, in general, can be largely attributed to the successful containment of the second COVID-19 outbreak in July. Industrial enterprises supporting HCM City to expand investment According to Ho Chi Minh City Department of Industry and Trade, the city’s industrial product...