Economic Update – Relatively swift recovery expected in 4Q20F
- Vietnam’s 3Q20 GDP rose 2.6% yoy, the lowest third-quarter growth in a decade due to the impact of Covid-19. Real GDP grew 2.1% yoy in 9M20.
- Vietnam’s Sep headline inflation slowed to 3.0% yoy (vs. 3.2% yoy in Aug).
- We revise down our 2020F GDP growth forecast to 2.8% in our baseline scenario (from 3.5% previously).
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