The effective management of foreign loans has transformed Vietnam from a poor and heavily indebted country to one that international organisations consider to have a controlled external debt and is not in the group of countries with a debt burden. SEE MORE The US-China trade war, Brexit, the US withdrawal from TPP, Covid-19 and internal difficulties all have affected Vietnam’s economy in the last five years. SEE MORE Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB). SEE MORE