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Update news economic activity
Vietnam’s credit growth is forecast to slow to only 8 percent in 2020 from 13.7 percent last year due to a sharp slowdown in economic activity amid the COVID-19 pandemic.
Despite difficulties brought by the COVID-19 pandemic, an opportunity is emerging for Vietnam to build the foundations of a more inclusive growth path, which leaves no one behind once recovery begins, according to the ILO in Vietnam.
Vietnam is forecast to lose some 0.41 percent of GDP due to the novel coronavirus (COVID-19) outbreak, according to the latest report by the Asian Development Bank (ADB).