Vietnam’s Prime Minister Nguyen Xuan Phuc is doing a phenomenal job in achieving economic recovery while managing the COVID-19 pandemic. We see this reflected in all broad market indicators. Vietnam’s retail sales and consumer services revenues grew by 3.3% month-on-month in July while the amount of committed FDI grew to USD 3.15 billion which is growth of 76.2% from the June month. US exports increased to USD 37.9 billion, up 15% year-on-year, while China exports were at USD 23.5 billion, up 18.4%.
Vietnam government’s proactive fiscal measures and administrative reforms is proving key to economic recovery & business productivity even while public funding increases to support businesses and workers amidst the pandemic.
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