According to The Business Times, "decisive containment measures and well-targeted government support" as defined by the International Monetary Fund in its report during the early years of the pandemic helped limit economic depression from the health crisis.

A view of Ho Chi Minh City (Photo: VNA)

According to the Singapore Business Federation's (SBF) National Business Survey which was conducted from July to October last year, Singapore businesses remain keen on the Vietnamese market.
Vietnam came in second in terms of countries Singapore businesses were most keen to invest into. Of the 440 companies who said they are planning for future expansion, 31 percent said they wanted to go to Vietnam. Singapore has been the top investor in Vietnam for the last 2 years.

According to the Vietnamese Ministry of Planning and Investment, in 2021, Singapore poured 10.7 billion USD into Vietnam, accounting for 34.4 percent of total investment capital in Vietnam.
The Diplomat magazine of India recently reported that Vietnam’s tourist industry has grown by leaps and bounds, in line with its dynamic economy over the past two decades, accounting for over 10 percent of the GDP.