Hanoi posts GRDP growth of 1.28% in Jan-Sep
Hanoi will speed up the vaccination program hat is seen as the platform to boost growth in the remaining period of the year.
Hanoi will speed up the vaccination program hat is seen as the platform to boost growth in the remaining period of the year.
The tourism industry will have a chance to recover in the last months of 2021 and early 2022 when the Covid-19 pandemic is partly controlled.
Vietnam’s economy suffered a contraction of 6.17% year-on-year in the third quarter.
The speed of economic recovery would largely depend on the scale of the vaccination program, although testing remains a key solution to prevent the spread of the pandemic.
Hanoi has come up with an economic recovery plan in line with the progress of the vaccination program.
South Korean investors see Vietnam remains an attractive investment destination and are committed to long-term business in the country.
While there may be some fluctuation, the market may have entered its short-term recovery phase and moving to the resistance zone at 1,340.
Preferential treatments from the EU-Vietnam Free Trade Agreement (EVFTA) have been best utilized by Vietnamese enterprises among trade deals of which the country is a party.
Restrictions to control the spread of the disease will weigh on activity in this third quarter and could persist if the outbreak is not under control.
Public investment, exports, and domestic consumption continue would be the three key factors for Vietnam’s economy this year.