Vietnam’s economy contracted by 6.17 per cent in the third quarter of this year, the sharpest quarterly drop in gross domestic product since record-keeping began, as the country struggled with a surge of Covid-19 infections centred in the business capital Ho Chi Minh City.
The country’s statistics office also said that GDP for the year in the nine months to end-September was up 1.42 per cent, lower than the full-year growth of 2.31 per cent Vietnam recorded in 2020, the first year of the pandemic.
Authorities in Ho Chi Minh City are preparing to ease a strict lockdown measures at the end of this month that were imposed in early July to contain a record Covid-19 caseload blamed on the virus’s more contagious Delta variant.
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