Soaring industrial production spurs on economic growth

05/05/2021 16:34 5

Soaring industrial production spurs on economic growth


NDO - Despite the challenges caused by the health crisis, Vietnam's effective control of the COVID-19 pandemic and a surge in industrial production and trade in the first four months of the year are expected to help the domestic economy to push forward in the months to come.

The World Bank stated in its April bulletin that the Vietnamese government has continued to manage the COVID-19 health crisis well. As of May 5, the total number of confirmed COVID-19 cases has reached 2,996 cases with only 35 deaths. At the same time, Vietnam had received over 900,000 COVID-19 vaccine doses. The country expects to obtain 60 million doses of COVID-19 vaccines through the COVAX Facility and AstraZeneca in 2021.

Furthermore, the first four months also saw 19,300 enterprises resume operations, up 8% year-on-year.

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