Vietnam among fastest growing economies: WB

(VOVWORLD) - Vietnam's growth accelerated to 4.5% in the last quarter of 2020, resulting in an annual growth rate of 2.9%, making it one of the fastest growing economies in the world, according to the World Bank (WB).
In the January edition of its monthly Vietnam Macro Monitoring, the bank said the country’s industrial production and retail sales continued to expand solidly, with growth rates close to pre-pandemic levels.
December 2020 marked another strong performance of merchandise trade, with double digit growth rate in imports and exports, the WB said. 
Consumer price index remained flat last month, as food prices stabilised, while consumer demand has yet to fully recover from the crisis. The approval and rollout of several COVID-19 vaccines at the end of 2020 raised the outlook of domestic and global economies in 2021, particularly for tourism and airlines, the bank said.