Connect with us

Hi, what are you looking for?

Latest News
• Lahore police ignored Pakistani-British girl's pleas for protection • Traders ‘warn of clashes’ with LEAs if business disallowed • Prince William and Duchess Kate have launched their own YouTube channel • Eid shoppers throw caution to the wind in Lahore • Punjab CTD set to act against TLP’s financiers • Cabinet okays bills about journalists’ protection, forced disappearances • 13 additional judges appointed to LHC • NA Speaker sets up body to engage opposition on electoral reforms • Nine-month fiscal deficit widens to 3.6pc • Debt servicing surges to Rs2.1tr • 10 special trains to operate on Eid ul Fitr. Ministry Railways • President Alvi permits session courts to hear rape cases till the establishment of special courts • 8th to 14th May Capital to undergo complete lock down after 6pm: DC Islamabad • 11,000 rescuers to work during eid holidays at 650 key points across Punjab • FIA arrests Swindler involved in digital currency heist of Rs70 million • No plan to shoot down Chinese rocket returning to Earth: Pentagon chief • Chinese firm awarded $355m Tarbela project contrat • 170 endangered seals found dead on Russia’s Caspian coast • Former Maldives president Nasheed injured in bomb blast • Urdu scholar Shamim Hanafi dies at 81 in Delhi • Ed Sheeran signs sponsorship deal with English football club • 'Supergirl' star Melissa Benoist says she's publishing her first book • Childish Gambino sued for alleged ´This Is America´ copyright infringement • Crude oil rose 41 cents to $65.12 a barrel • Gold rate rose $5.30 to $1,821 an ounce
News Alert
    • Covid Updates: 4,298 cases reported while 140 deaths recorded in last 24 hrs
    • Currently, 83,699 cases are active in the country
    • The death toll reaches 18,677 in Pakistan
    • 4,631 people recovered in last 24 hours
    • The current positivity rate is 9.0% in the country
    • Over 155.2 million infected globally, more than 3.2 million dead and over 91.6 million recovered from Covid-19
    • Australia to reopen door to India, local Covid-19 cluster appears contained 
    • Japan govt seeks to extend state of emergency to May 31
    • All businesses in Sindh to remain open with SOPs on May 7 and 8: Nasir Shah
    • KP govt introduces mobile vaccination units
    • Denmark eases more Covid restriction with new 'Corona pass'

International

Vietnam is 2020’s top-performing Asian economy

When the majority of global economies were depressed by the pandemic, Vietnam achieved a feat without a single quarter of economic shrinkage.

According to the estimates compiled by CNBC from institutions like the International Monetary Fund, Vietnam defeated all its regional peeps last year.

The government released economic estimates and in late December and it shows a growth of 2.9% which is better than China’s forecast-beating 2.3% growth during the same time period.

 “With this performance, Vietnam has delivered one of the highest growth (rates) in a year where the rest of the world was in deep recessions.”

The economists from Bank of America Global Research said in a report this month.

Where some economists are questioning the accuracy of Vietnam’s gross domestic product (GDP) data, many others are confident for the country’s economic growth to hasten.

The below graph shows Vietnam’s GDP growth with other countries.

Data compiled by Johns Hopkins University says that despite being China’s neighbor, Vietnam reported over 1,400 infections and 35 deaths as of Tuesday.

The economists of the Bank of America said that a strong economic run is likely to continue this year. Their prediction for the Vietnamese economy is a growth by 9.3% in 2021 — a much higher growth rate than the 6.7% expansion projected by the World Bank.

On Vietnam’s resilient exports, Fitch Solutions made a statement in a December report.

“Considering that Vietnam has been a major beneficiary of the supply chain relocation/diversification trend out of China over the past several years, we see large scope for growth in Vietnamese exports in the years to come.”

However, Gareth Leather, a senior Asia economist at Capital Economics mentioned a potential threat to country’s export growth – sanctions by the US.

On the other hand, analysts from Australian bank ANZ don’t expect any immediate actions from the U.S., partly because President Joe Biden’s administration “may not take as hard a line on the matter as under President Trump.”

Latest Updates:

Written By

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Facebook

Entertainment

Ahsan Khan the program host made the rabbit, parrot, dogs sit at the lap or besides the guest actors/actresses in the program which go...

Latest Updates

2nd Eid in Lockdown this time Even Heavier.

Entertainment

Amid growing critical situation in covid hit India, celebrities are pinching in for the relief of nation. Among other medical facilities, scarcity of oxygen...

Copyright © 2021 The Truth International