Economic expansion in Q4 will unfurl in one of the two scenarios, growing at a less optimistic rate of 6.4% or the more positive clip of 7% growth.

The Central Institute for Economic Management (CIEM) introduced two scenarios for Vietnam’s economic growth in 2021 during a workshop held in Hanoi on July 15.

Vietnam’s GDP growth in the first quarter of 2021 is forecast to come in at 4.46 percent; 0.66 percentage points below the target set in the Government’s Resolution No 01 in a scenario where the COVID-19 pandemic is controlled during the quarter.

Vietnam’s economic growth rate this year could reach 3.8 percent if there is no new COVID-19 outbreak in the second half of the year and economic activities gradually resume, the Vietnam Institute for Economic and Policy Research (VERP) has predicted.

Hanoi’s Department of Industry and Trade has mapped out four scenarios to ensure the sufficient supply of goods for people in quarantine zones amid the COVID-19 outbreak.

With their massive land funds and ample investment inflows for transport infrastructure development, the suburban cities surrounding Ho Chi Minh City are projected to become the next hotspot for investors and buyers