Strengths in Vietnam's economic growth

Abstract

Economic growth is an important indicator of the quality of the economy. A common measure is the increase in gross domestic product (GDP) in a year or the increase in GDP per capita in a year. Over the past time, Vietnam's economy has made remarkable growth steps and achieved many great achievements. The constantly improving position of Vietnam in the international arena; the good control of the spread of the Covid-19 pandemic in the country; the quality of human resources have been gradually improved; The state’s constant encouragement and stimulation to develop the economy; The integration and opening of the economy are the strengths of economic growth that the article mentions. In the future, although the situation of Covid-19 is still complicated with new strains that are difficult to predict, Vietnam's economy can still achieve positive growth. The reason is that Vietnam's current policies are geared towards disease prevention combined with economic development. In this article, the author uses the method of analyzing secondary data from many reputable and reliable sources such as: ADB, UOB, General Statistics Office of Vietnam, ... to provide readers with more information, new materials, and a more thorough view on the overview picture of current status of Vietnam's economic growth in the period from 2016 to present.