Kurt Campbell, the US National Security Council’s coordinator for the Indo-Pacific, has described Vietnam as one of the countries to define the future of Asia, according to asia.nikkei.com.
The UK’s Daily Mail newspaper has published an article hailing Vietnam as one of the world’s economic success stories.
The threat of China should bring two former enemies into a tight security relationship. James Stavridis reports on Bloomberg.
The manufacturing sector in October saw significant expansion for the first time in five months as firms ramped up production to meet rising export orders spurred by the COVID-19 pandemic gradually coming under control, experts said.
Vietnam’s electronics industry, an increasingly important sector of the country’s economy, continues to grow despite the negative impact of the COVID-19 pandemic, according to the Ministry of Industry and Trade (MoIT).
The most recent data, including the first months of 2021, confirm that global manufacturing production continues to recover, following a major drop during the first half of 2020 due to COVID-19. However, the pace of recovery is unequal. While manufacturing production in some countries, such as China, has reached and exceeded its pre-crisis production level, other countries still show only weak signs of recovery.
According to data from the Vietnam General Statistics Office, Vietnam’s Jan - June GDP growth was estimated at 5.46%, much higher than the growth rate of 1.82% in the first 6 months of 2020.
© Copyright 2023 Vietnam Manufacturing Federation