Economics

Vietnam’s Economy Expands 4.48% in 4Q on Manufacturing

Inflation quickens 0.19% in December from a year earlier
Government expects GDP growth to pick up to about 6% in 2021

Gantry cranes stand next to containers at Tan Cang-Hiep Phuoc Port, operated by Saigon Newport Corp., in Ho Chi Minh City, Vietnam, on Thursday, June 27, 2019. Vietnam has benefited from a surge in exports and foreign investment as businesses look to scale back their China operations or relocate to avoid higher U.S. tariffs.Photographer: Yen Duong/Bloomberg

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By Nguyen Dieu Tu Uyen and Nguyen Kieu Giang

December 27, 2020 at 7:04 AM UTC

Updated on

December 27, 2020 at 9:42 AM UTC

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Vietnam’s economic growth accelerated in the fourth quarter as exports and manufacturing extended their recovery from the pandemic slump earlier this year.