HANOI (Xinhua): The Asian Development Bank (ADB) has adjusted down its forecast of Vietnam's gross domestic product (GDP) growth in 2021 to 3.8 per cent from the previous estimate of 5.8 per cent in July.
Vietnam's economic growth picked up in the first half of 2021 largely because of higher trade volumes, but a resurgence of the Covid-19 pandemic that started in late April has tightened the country's labor market, lowered industrial output, and disrupted its agricultural value chains, the bank said in a report released on Wednesday (Sept 22).