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Vietnam’s GDP in 2020 grows at an impressive pace of 2.91%, the lowest in a decade but among the world’s highest, the General Statistics Office (GSO) has announced. Last year, the Vietnamese internet economy hit double-digit growth at 16 per cent year-on-year, the highest in Southeast Asia. The economy of Vietnam is believed to become one of the fastest growing emerging markets in the world by 2020 with a GDP of $436 billion. By Phuong Nguyen. GDP growth. The 2020 is considered as a year of difficulties and challenges for the world economy in general, including Viet Nam. A vastly improved search engine helps you find the latest on companies, business leaders, and news more easily. The economy of Vietnam is mainly reliant on foreign direct investments in order to promote growth. Following is an overview Vietnam’s economy in the first 9 months of 2020 compiled by VietnamCredit. - … GDP (current US$) - Vietnam. The world economy is forecasted to experience the most serious recession in history, the growth of major economies has declined deeply due to negative effects of the Covid-19 pandemic. Gross domestic product (GDP) in the third quarter of 2020 is estimated to increase by 2.62% over the same period last year, which is the lowest increase between 2011 and 2020. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. According to this estimate, it will be 70% the size of the UK economy by 2040. HCMC - The Asian Development Bank (ADB) has forecast that Vietnam’s gross domestic product (GDP) growth would rebound to 6.7% in 2021 from 2.9% in 2020, or 0.7 percentage points higher than the target set by the National Assembly. 2 Min Read. Vietnam's 2020 economic growth slips to 30-year low due to COVID-19. With gross merchandise value (GMV) of its internet economy accounting for more than 5 per cent of the country's GDP in 2020, Việt Nam is emerging as the most digital of all economies in the region, the report said. Vietnam GDP (Gross Domestic Product) was INT$798.16billion for 2020 in PPP terms. In 2020, the industry sector contributed over 1,732 trillion Vietnamese dong to the gross domestic product (GDP) of Vietnam, the largest contribution among all sectors. The diagnostic and recommendations contributed to Vietnam’s successful containment of COVID-19 outbreak – by the end of 2020, a country of 95 million people only registered 1,465 infected cases with 35 deaths while managing to post a positive GDP growth. The digital economy is expected to contribute 30 percent of the national gross domestic product (GDP) by 2030. It's benefiting from keeping the coronavirus in check. Leading Industries Of Vietnam . CIEM forecasts Vietnam’s economic growth at 6.76% in 2021-2023. 1. 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