Vietnam 2021 GDP outlook at risk as virus curbs crimp output

Vietnam now sees its export-dependent economy crippled by restrictions that are disrupting supply chains, shuttering factories and crimping output. - AFP

HANOI (Bloomberg): Vietnam’s statistics office forecasts gross domestic product to grow 2.5% this year, far below the official target of up to 6.5%, as tough anti-virus policies have impacted almost every corner of its economy.

The outlook, provided Wednesday (Sept 29) by the head of GDP data at the General Statistics Office, paints an increasingly bleak picture for a nation that had earlier powered through the Covid-19 pandemic.