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Economy

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Vietnam Looks for Economic Rebound After Mass Quarantines

Vietnam flattened its coronavirus infection curve with a sledgehammer, and after some early success, it’s now starting to open up its economy again.

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Vietnam's budget overspending forecast to increase this year due to COVID-19

Budget overspending at 5-5.1 percent of GDP this year, about 1.5-1.6 percentage points higher than the Government’s plan due to the impacts of the COVID-19 pandemic, Ministry of Finance said.

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Fitch lowers Vietnam's 2020 credit growth forecast to 8% from 11% on virus fears

Fitch Solutions revised forecast for Vietnam’s credit growth to slow to 8% in 2020, from 11% previously, due to a sharp slowdown in economic activity amid the COVID-19 pandemic.