Gdp

The country remains a manufacturing hub and a key link in the global supply chain despite geopolitical and pandemic-related challenges.

For trading sessions from October 4-8, the Vn-Index may continue to fluctuate in the range of 1,320-1,360.

Drastic actions are needed for Vietnam to average GDP growth of 6.5-7% during the 2021-2025 period.

Vietnam’s economy suffered a contraction of 6.17% year-on-year in the third quarter.

The country still remains among the fastest-growing economies in East Asia and the Pacific, according to WB.

Vietnam’s strong fundamentals remain and the country has built an enviable position in the global supply chain over the past years through its set of FTAs.

The acceleration of the vaccine rollout should help Vietnam’s economy to return to its pre-pandemic growth level next year.

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.

Vietnam’s economy could take a few positives out of the pandemic and stay competitive in the long run.

The policymakers today (July 28) passed resolutions on the national financial plan and debt payment and mid-term public investment in the 2021-25 period, and State budget final accounts in 2019.