Vietnam’s economy has shown signs of recovery but the world is still reeling in the fight against Covid-19. As such, Vietnam needs to be well prepared for any upheaval.

Global financial markets have been negatively hit and significantly shaken by the ongoing unpredictable, relentless and complicated developments under the Covid-19 pandemic, leading to continued global financial instability.

Amid difficulties, many Vietnamese businesses are still staying firm and seeking opportunities to rise up. The Vietnamese spirit has helped them survive and prosper, further developing the economy.

Prime Minister Nguyen Xuan Phuc has approved projects on the construction and infrastructure development of three industrial parks (IPs).

With insurance and social allowance policies, Vietnam’s social security system is believed to be a useful tool for economic and social stabilisation in 2021.

Vietnam became known internationally for overcoming big difficulties last year, while finding opportunities during the Covid-19 crisis.

More and more large manufacturers have decided to set production facilities in Vietnam.

The goal of becoming a high-income country by 2045 can be attained only by investing heavily in science and technology, and innovation, experts say.

The government, businesses and the public are enjoying many benefits from digital transformation activities.

The digital transformation process is being carried out throughout Vietnam, from large enterprises to small shops.

History shows that in every industrial revolution, only a few countries can exploit the opportunities to make a breakthrough in development. Daring and appropriate decisions will help set a new position for the country.

The uncertainties of the global economy, the new Covid-19 mutation, and risks from lawsuits and trade remedies will have an impact on Vietnam’s economy in 2021, experts say.

Vietnam was among the countries gaining the highest GDP growth rates in 2020, which could serve as a launching pad for further growth.

Vietnam now has a rare opportunity to make a breakthrough after being one of the economies that successfully controlled Covid-19 to obtain a positive growth rate and attract foreign investors.

Saigon Securities Incorporated (SSI) believes that the highest probability for Vietnam's economy is a V-shaped recovery.

There are always opportunities in misfortunes, according to Huynh Minh Tuan, brokerage director of Mirae Asset Vietnam.

A looser monetary policy should be instituted to support economic growth in the wake of global volatilities, especially the outbreak of the novel coronavirus (nCoV), experts suggested.

2020 will be a tough year for Vietnam’s businesses

As one of the most dynamic economies in the region, Vietnam's retail market is attractive for many foreign investors, but it can also be challenging at the same time.

As one of the fastest-growing economies, Vietnam still needs to reduce regulatory burdens and promote economic integration to achieve the country’s sustainable development goals through 2030.