The processing industry which contributed 53% to the national GDP has affirmed its key role in leading the national economy. Total capital mobilization of the securities market increased 20% against 2019. More than 135,000 new businesses were set up in 2020, a fall in quantity but a rise of 32.2% in capital against the previous year. More importantly, 81% of businesses feel optimistic about the near future. These are positive signs for Vietnam’s sustainable growth in the future.

Nguyen Quang Huan, Vice Chairman of the Vietnam Private Business Association, said, 'Because of the COVID-19 pandemic, many economies saw negative or zero growth. But Vietnam’s economic growth rate is among the world’s highest. Amid the global crisis, this result created a momentum for us to boost global economic integration.'

Many experts say flexible adjustment of interest rates by the State Bank of Vietnam in 2020 enabled the economy to recover quickly and grow while the securities market mobilized additional 20% of capital. Exports continued to play an important role in the national economy with a record trade surplus of 19.1 billion USD. Nguyen Viet Phong, Director of the Trade and Service Statistics Department of the General Statistics Office said that the positive result is important for the Vietnamese economy to grow steadily in the coming years:

'Trade surplus of more than 19 billion USD shows that Vietnam has benefited from the EU-Vietnam Free Trade Agreement to expand its presence in the demanding EU market. This will affect the foreign exchange rates and motivate Vietnam’s growth in 2021, 2022, and the years to come,' said Phong.

Thanks to its success in containing the epidemic and inflation rates and flexible economic policies, the Vietnamese government aims to surpass the GDP growth target of 6% this year set out by the National Assembly.