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Vietnam has been the best performing economy in ASEAN in 2021. The country remains as one of the most attractive markets in the region with 2021 GDP growth expectations at 6.0-6.5%, offering one of the strongest structural growth outlooks among the developing markets, led by FDI and industrialization. Mobility restrictions implemented to contain the recent resurgence of COVID-19 has impacted the services and hospitality sectors the hardest. However, robust growth in industrial production continued, supported by strong export demand from recovering developed economies.