The agro-forestry-fisheries sector is the mainstay of the economy of Vietnam during the COVID-19 pandemic in the first nine months of this year.

VOV.VN - The Mirae Asset Financial Group of the Republic of Korea has forecast the Vietnamese economy is likely to expand 4% in the fourth quarter of 2021 and 2.3% for the whole year after suffering a contraction of 6.17% in the third quarter due to the impact of the COVID-19 pandemic.

Standard Chartered has forecast a potential interest rate cut if the economic impact of Vietnam’s COVID-19 outbreak lasts beyond October.

Singapore-based financial service supplier DBS has predicted that Vietnam’s economic growth may reach 8% in 2022 thanks to rising flows of FDI and exports and digitalisation impetus.

Capital flows into green growth projects have still seen positive signals despite adverse impacts from the COVID-19 pandemic on foreign direct investment (FDI) in Vietnam.

Profits of the banking industry in the third quarter of 2021 would decrease by 19% compared to the previous quarter due to slowing credit growth and increasing provision expenses, Yuanta Securities Vietnam estimated.

VOV.VN - Vietnam’s economic growth could slow as its population ages, squeezing public finance and stressing the service delivery system, unless timely reforms are set in motion, a new World Bank report finds.

VOV.VN - Vietnam’s GDP growth rate during the third quarter of the year was estimated to have endured a decline of 6.17% due to social distancing and other COVID-19-related restrictions taking a heavy toll on the economy.

Vietnam’s GDP is expected to expand by about 4.8% in 2021, and the economy could converge toward the pre-pandemic GDP growth rate of 6.5% to 7% from 2022 onward, the World Bank has forecast.

VOV.VN - Despite the negative impact caused by the prolonged COVID-19 outbreak, Vietnam remains an attractive destination for foreign investors over the long run, Choi Joo-ho, CEO of Samsung Vietnam, told local media outlets on September 27.