Vietnam's economic expansion has been driven by strong FDI, mostly into the manufacturing sector, and steady export growth.

The trade ministry has decided to cut electricity tariffs for certain customers by 10% for the next three months to support economic activities amid the Covid-19 pandemic.

Fitch could revise the outlook on Vietnam’s banking sector and ratings back to stable from negative.

Fitch Rating is still maintaining its growth forecast for Vietnam at 2.8% in 2020 and 7.5% in 2021, despite the Covid-19 resurgence in late July.

PVN accounts for about a third of the country's refined product output and supplies gas for power plants that make up about 15% of Vietnam's power generation.