Ho Chi Minh City is committed to enforcing vigilant pandemic prevention measures when it reopens the economy after months of strict lockdown measures, said a city leader.
Vietnam’s economic growth accelerated to 6.61% y/y in 2Q21, extending from an upwardly revised gain of 4.65% y/y in 1Q21. While this fell slightly short of expectations, it nonetheless reaffirmed the current upswing and re-establishment of its historic trend seen during 2013 to 2019. For the first half of 2021, Vietnam’s GDP expanded 5.64% y/y, more than 3 times the pace of 1.82% in 1H20.
Vietnam’s economy will recover on the back of solid growth achieved in the first half of 2021 after the lockdown is lifted, Dorsati Madani, Senior Economist at the World Bank (WB) Vietnam, has said.
A Vietnamese delegation led by Minister of Industry and Trade Nguyen Hong Dien attended economic ministerial-level consultation meetings between ASEAN and its partners – the US, Hong Kong (China), India, the European Union and Russia – held via video conference in the framework of the 53rd ASEAN Economic Ministers’ Meeting on September 14.
The COVID-19 pandemic pushed as many as 80 million people in developing Asia into extreme poverty last year, according to the Asian Development Bank (ADB) in a recent important report on the region.
