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Update news East Asia and Pacific Economic Update
While Vietnam remains significantly exposed to the COVID-19 outbreak and the ongoing turbulence in the global financial markets, its economy stays resilient to external shocks in the first few months of 2020, according to the World Bank (WB).
Growth in developing East Asian and Pacific economies is expected to slow from 6.3% in 2018 to 5.9% in 2019, and to 5.7% and 5.6% in 2020 and 2021, reflecting a broad-based decline in export growth and manufacturing activity.