Vietnam’s economy forecast to recover from Q3 at earliest
(VOVWORLD) - Vietnamese experts have warned that domestic businesses, particularly aviation, tourism, and apparel industries will continue to face difficulties until COVID-19 is contained worldwide.
 A workshop at Hanoi Plastics Joint Stock Company. (Photo: VIR) |
In a report on Vietnam’s macroeconomy in the first quarter, released on Monday, the Vietnam Institute for Economic and Policy Research forecasts that Vietnam’s economy will recover from the third quarter in the best scenario and from the end of this year in the worse scenario.
“I don’t think that our investment climate is less attractive than other countries. We have institutional advantages but Vietnamese businesses should adopt a new strategy to take a bigger step in the global supply and value chains,” said economist Pham Sy Thanh of the Vietnam Institute for Economic and Policy Research.