Workers at an electronic maker factory in the Bình Xuyên Industrial Park in the northern province of Vĩnh Phúc. — VNA Photo HÀ NỘI —The pandemic has hit Việt Nam harder than previously anticipated and recovery will likely be slow. Strong and effective measures are needed in the last quarter of 2021 and the beginning of 2022 to check the spread of the virus and to address the country’s numerous economic bottlenecks, according to the National Centre for Socio-Economic Information and Forecast (NCIF) under the Ministry of Planning and Investment (MPI). “The pandemic has also exposed shortcomings and limitations in Vietnamese firms’ management capacity and the ability to absorb and adapt to disasters,” said Trần Toàn Thắng, NCIF’s senior official at the Viet Nam Economic Pulse (VEP) – a semi-annual forum analysing trends and exploring emerging issues in economics and policymaking – held yesterday in Hà Nội. Thắng said the fourth virus outbreak has severely disrupted Việt Nam’s socio-economic activities, especially in major industrial hubs in the north and the south. It has resulted in the MPI’s recent forecast for economic growth this year capped at 1.5-2 per cent in the best-case scenario. The worst-case scenario, according to the MPI, was… Read full this story
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