VINACHEM

As the trajectory of the Covid-19 pandemic remains unpredictable, Vietnam’s economic expansion this year is projected to slow to 2%-2.5%, said Tran Tuan Anh, head of the Party Central Committee’s Economic Commission at the Industry 4.0 Summit 2021.

With the appearance of the heavily mutated Omicron variant of the coronavirus, the world’s GDP growth may lose 0.2%-0.4% next year, he said, adding that Vietnam had also felt the severe impact of the pandemic. Last quarter, its GDP fell 6.17%, the sharpest fall since the country calculated and announced the quarterly GDP.