Vietnam remains the fastest growing economy at 4.8% in 2020, although it is reduced significantly from the level of around 7%, according to the latest revised forecast released by Asia Development Bank. Similar to the surrounding nations in Southeast Asia, Vietnam is currently in a lockdown mode that requires people to mostly stay at home. There is a likelihood that the restriction order will be extended to prevent a second wave of virus hit. That's said, the Vietnam stock market rebounded 15% from the trough and recovered one-third of the sell-off since late January. The long-term positive elements such as global shift of supply chain and demographic dividend are still valid, while the short-term policy responses like stimulus programs and rate cuts may help lessen the pain.
Vietnam remains the fastest growing economy at 4.8% in 2020, although it is reduced significantly from the level of around 7%, according to the latest revised forecast released by Asia Development Bank. Similar to the surrounding nations in Southeast Asia, Vietnam is currently in a lockdown mode that requires people to mostly stay at home. There is a likelihood that the restriction order will be extended to prevent a second wave of virus hit. That's said, the Vietnam stock market rebounded 15% from the trough and recovered one-third of the sell-off since late January. The long-term positive elements such as global shift of supply chain and demographic dividend are still valid, while the short-term policy responses like stimulus programs and rate cuts may help lessen the pain.
Vietnam remains the fastest growing economy at 4.8% in 2020, although it is reduced significantly from the level of around 7%, according to the latest revised forecast released by Asia Development Bank. Similar to the surrounding nations in Southeast Asia, Vietnam is currently in a lockdown mode that requires people to mostly stay at home. There is a likelihood that the restriction order will be extended to prevent a second wave of virus hit. That's said, the Vietnam stock market rebounded 15% from the trough and recovered one-third of the sell-off since late January. The long-term positive elements such as global shift of supply chain and demographic dividend are still valid, while the short-term policy responses like stimulus programs and rate cuts may help lessen the pain.
Vietnam remains the fastest growing economy at 4.8% in 2020, although it is reduced significantly from the level of around 7%, according to the latest revised forecast released by Asia Development Bank. Similar to the surrounding nations in Southeast Asia, Vietnam is currently in a lockdown mode that requires people to mostly stay at home. There is a likelihood that the restriction order will be extended to prevent a second wave of virus hit. That's said, the Vietnam stock market rebounded 15% from the trough and recovered one-third of the sell-off since late January. The long-term positive elements such as global shift of supply chain and demographic dividend are still valid, while the short-term policy responses like stimulus programs and rate cuts may help lessen the pain.
