StanChart lowers Vietnam forecast

Standard Chartered’s economists anticipate domestically oriented sectors such as retail are likely to be the hardest-hit if the current Covid-19 wave persists. The focus now is on whether the impact on the industrial sector will be temporary or more long-lasting.

HANOI: Standard Chartered has lowered its growth forecast for Vietnam for 2021 from 6.7% to 6.5%.

The bank maintains its 7.3% growth forecast for 2022, and continues to expect a post-Covid-19 economic acceleration.