World Bank lowers Vietnam’s 2021 economic growth to 2 – 2.5%
With the negative growth in the third quarter, Vietnam's GDP growth rate for 2021 could reduce, World Bank said in a recent report.
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Vietnam market has outperformed its other international peers, supported by GDP growth amid Covid-19 in 2020. Despite strict lockdown, hopes for this top-performing Asian economy are growing.
Vietnam's 11 largest state-owned corporations had accumulated losses of VND11.46 trillion ($505 million) as of last year.
Despite the COVID-19 pandemic, the EU-Vietnam Free Trade Agreement, which entered into force in August 2020, has helped to boost two-way trade and buffer the impact of the economic downturn.
With the negative growth in the third quarter, Vietnam's GDP growth rate for 2021 could reduce, World Bank said in a recent report.
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