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Economy

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Vietnam economy rebounds, passing the bottom of the V shape

The economy has surpassed the lowest point of the V shape and been in recovery track, Minister and Chairman of the Government Office Mai Tien Dung told the press on Friday.

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Vietnam central bank cuts interest rates the third time to back virus-hit firms

Vietnam’s central bank has decided to cut the ceiling interest rates for both lending and deposit from October 1 to support enterprises hit by the Covid-19 pandemic.

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Vietnam’s economy to grow 2.6% in 2020 and 8.2% in 2021: Fitch

Vietnam’s economic recovery is on track with 2.6 percent growth expected in 2020 and in 2021, growth could accelerate to 8.2 percent, according to a recent forecast from Fitch Solutions.