The economy is likely to bounce back strongly from the end of the third quarter, similar to how it has recovered after the lockdown was eased in April last year..She said though Vietnam is facing multiple economic risks due to impacts of the COVID-19 pandemic, its economy has proven to be resilient and dynamic. The country was among a few nations sustaining positive economic growth last year.
The economist also expressed her hope that the Vietnamese economy can rebound in the future as a result of the recovery of its major markets, such as the US, China, and the EU.
Last month, the WB forecast Vietnam’s GDP to expand by about 4.8 percent in 2021, two percentage points lower than its projection last December.
The WB is waiting for figures to be released by the General Statistics Office (GSO) by the end of this month and the Vietnamese government's decision on reopening the economy to revise its GDP prediction./.
Source: VNA