10 Feb 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.
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