Gdp

In the most optimistic scenario, Vietnam’s economy is predicted to expand 2.6% year-on-year, lower than the International Monetary Fund (IMF)'s forecast at 2.7%.

UOB has trimmed their 2020 forecast for Vietnam to 3.5%, from 5.2% made earlier given the sharply weaker second-quarter performance.

People’s mobility, on average, is almost back to normal in Vietnam.

Once the deal comes into force, it would create a new driving force for the comprehensive partnership between Vietnam and the EU.

An expert suggested local authorities take the pro-active approach to review and streamline the approval process for foreign-invested projects in order to attract the next FDI wave.

With the resumption of key economic sectors' activities, such as manufacturing, services and retail, Vietnam’s economy is accelerating to get back to its normal state.

These breakthroughs in FDI attraction, export, domestic consumption, public and private investment, are what the economy should focus on to boost growth.

Hanoi’s economy needs to grow at an average of 8.6% in the last three quarters to ensure the full year growth of 7.5% in 2020.

Hanoi is trying to minimize the negative impacts of the Covid-19 pandemic on the economy while nurturing the recoverability in the post-pandemic period, said Hanoi Party chief Vuong Dinh Hue.

Fitch also lowered Vietnam's GDP growth projections to 3.3% in 2020 from 7.0% in 2019, on account of the pandemic.