Vietnam reported economic growth of just 2.58% on Wednesday, beating a 30-year low set last year as the pandemic continues to take a toll.
The communist state has long been a success story among Asian economies, posting growth of seven% in 2019.
But shutdowns caused by coronavirus have battered the export-reliant economy, sending GDP growth plunging to 2.91% in 2020 — the lowest reported in three decades.
The General Statistics Office (GSO) in Hanoi said fourth quarter growth was at 5.22%, but the annual figure was dragged down by a…