Vietnam: Resiliency and Growth

January 2021
By Joy Yang, Global Head of Index Product Management

In January, the World Bank published the “Global Economic Prospects” report summarizing the impact of COVID-19 across global economies. Global GDP collapsed by 4.3%, the worst recession since the Great Depression, and far worse than the Global Financial Crisis. The severity of the shock to individual economies was uneven, depending on the intensity of the pandemic-related domestic disruptions and the spillovers from the global recession. 

Vietnam stood out as one of the few economies that expanded in 2020 (GDP growth estimate 2.8%), thanks to its swift actions to contain the health and economic fallout of COVID-19, and is estimated to have a strong recovery in 2021 (GDP growth forecast 6.7%). Since it’s bottom on 23 March 2020, the MVIS Vietnam Index1, has recovered 82.64% as of 10 January 2021.

Real GDP (Percent change from previous year)

Source: World Bank2

MVIS Vietnam Index


Source: MV Index Solutions GmbH.  All values are rebased to 1000. Data as of 19 January 2021.

1 The MVIS Vietnam Index is a modified market cap-weighted index tracking the performance of the largest and most liquid companies in Vietnam. Its unique pure-play approach expands local exposure to include non-local companies that generate at least 50% of their revenues in Vietnam.

2 World Bank, “Global Economic Prospects”, January 2021.

About the Author:

Joy Yang is Global Head of Index Product Management at MV Index Solutions (MVIS). She is responsible for managing MVIS products and services to accelerate innovation in financial index design and adoption. Joy brings more than 25 years of investment experience to MVIS, having led teams delivering index and quantitative-active investment solutions at Arabesque Asset Management, Dimensional Fund Advisors, Vanguard, Aberdeen Standard Investments, AXA Rosenberg and Blackrock. Joy has an MBA from the University of Chicago Booth School of Business, and a BS in Electrical Engineering from Cooper Union’s Albert Nerken School of Engineering.

The article above is an opinion of the author and does not necessarily reflect the opinion of MV Index Solutions or its affiliates.

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