Duong Manh Hung, a senior analyst with the General Statistics Office, recalled that although the Gross Domestic Product (GDP) grew just 0.39% in the first trimester of 2020, it increased 2.62% in the third trimester of the year.
The contention of the Covid-19 pandemic marked the pace for all sectors to return to a new normality. For example, the industry grew just 2.3% in August, but it expanded 3.5% in September and 3.65 in October.
Hung added that another example of the recovery of the economy is the creation of 12,200 companies in October and the return of 5,000 others to productive and social life, 20% more than in September.
He added that everything will depend on the recovery of the world’s largest economies, especially Vietnam’s major trading partners like China, the United States, the European Union, Japan and South Korea. We might see a rapid growth again in 2022 or 2023, he concluded.
