Vietnam's economic growth to recover from Q4 and overcome Covid-19 crisis, says top economist

Commuters travel past an under-construction bridge in Hanoi on October 5, 2021. - AFP

HANOI, Oct 11 (Bernama): The Vietnamese economy is likely to gradually recover from the fourth quarter of 2021 and escape the minus growth seen in the third quarter, thanks to the activeness of the business community and the government’s efforts to remove obstacles facing enterprises, according to the country’s top economist.

Nguyen Bich Lam who is former Director General of the General Statistics Office said that the fourth resurgence of Covid-19 in several northern industrial hubs such as Bac Ninh and Bac Giang, and later in southern localities including Ho Chi Minh City, Binh Duong and Dong Nai, as well as the capital city of Hanoi in the third quarter has caused numerous difficulties to the business sector which generates 60 per cent of the country’s GDP.