Last July, a WB report projected Vietnam's GDP to grow at 2.8 percent this year, making it the world's fifth fastest-growing economy. However, this report did not take into account the second outbreak of COVID-19 in Vietnam.

Several days ago, the International Monetary Fund (IMF) released the World Economic Outlook Report which predicted that Vietnam's GDP would increase by 1.6% in 2020. This is the second-highest growth rate in Southeast Asia, only after Myanmar (2%).

Many financial experts also gave positive anticipations on Vietnam's economic prospects this year. Ruchir Sharma, the chief global strategist at Morgan Stanley Investment Management said “Vietnam looks like a miracle from a bygone era, exporting its way to prosperity”.

“Containing the pandemic allowed Vietnam to quickly reopen businesses, and it is now expected to be the world’s fastest-growing economy this year. While many nations are suffering enormous economic contractions and running to the International Monetary Fund for financial rescues, Vietnam is growing at a 3 percent annual pace. Even more impressive, its growth is driven by a record trade surplus, despite the collapse in global trade”, he said.