Which Asian economy still grew by 2.9% in 2020?

Which Asian economy still grew by 2.9% in 2020?

According to data acquired by CNBC, Vietnam seems to be the top performing Asian economy. It gained its recognition for not having a single quarter of economic contraction at a time when many economies around the globe felt the impact of the pandemic.

The Vietnamese economy grew by 2.9% in 2020 compared to 2019, and is forecasted to grow by 9.3% in 2021 – a much higher growth rate than the 6.7% projected by the World Bank.

More specifically, it is the manufacturing sector of Vietnam that has been leading their performance, with production growing due to steady demand.

As Asia continues to grow, it is crucial to enter the market and capitalise on new opportunites with the right team of leaders. reach out to our Senior Consultant on hiring in Asia.

Link to article:

https://www.cnbc.com/2021/01/28/vietnam-is-asias-top-performing-economy-in-2020-amid-covid-pandemic.html

#NAOSInternational #ModernizingExecutiveSearch #ExecutiveSearch #Recruitment #Asia #Manufacturing #SupplyChain #APAC