HSBC trims 2021 growth forecast for Vietnam to 6.1%
HBSC has lowered its growth forecast for Vietnam this year from 6.6 percent to 6.1 percent following the latest wave of Covid-19.
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Vietnam reported a trade surplus with the U.S. in the first half at $37.3 billion, much higher than $22.9 billion surplus recorded a year earlier, according to Ministry of Industry and Trade.
Vietnam's trade balance was in an estimated $1 billion deficit in the first half vs $5.86 billion surplus a year earlier, according to data from the General Department of Vietnam Customs.
Fishery exports are expected to fulfill the $8.5 billion target in 2021, after collecting more than $4 billion in the first half of this year, Ministry of Agriculture and Rural Development said.
HBSC has lowered its growth forecast for Vietnam this year from 6.6 percent to 6.1 percent following the latest wave of Covid-19.
Bank credit was seen increase 4.7% in the third quarter and 13% in 2021 despite pandemic, according to a recent survey conducted by the State Bank of Vietnam.
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