WB downgrades Vietnam's economic growth forecast due to Covid-19 outbreak
The country still remains among the fastest-growing economies in East Asia and the Pacific, according to WB.
The country still remains among the fastest-growing economies in East Asia and the Pacific, according to WB.
Such growth rate would make the Vietnamese economy the highest growth in the Southeast Asia, with the GDP growth expected to bounce back to 6.1% in 2021.
New digitized financial services are coming to previously poorly connected areas in Southeast Asia and the Pacific. It should be inclusive and cost effective, and serve the interests of people at large.
Pacific island nations have been among the top performers worldwide in controlling Covid-19. A greater emphasis on water, sanitation and hygiene practices will help continue that success.
The pandemic has highlighted the shortcomings of the globalized supply chain model.
Governments in Asia and the Pacific must think about two things when restarting their economies: when to do it and how.
Political commitment is believed one of significant reasons in Vietnam's fight against the pandemic.
The pandemic demonstrates that disasters are triggered by multidimensional risks and hazards, and that a country’s approach to urban resilience needs to be multifaceted.
Over the medium term, Vietnam's growth is projected to rebound back to 7.5% in 2021 and converge at around 6.5%in 2022.