UOB has trimmed their 2020 forecast for Vietnam to 3.5%, from 5.2% made earlier given the sharply weaker second-quarter performance.

Such growth rate would make the Vietnamese economy the highest growth in the Southeast Asia, with the GDP growth expected to bounce back to 6.1% in 2021.

Fitch Solutions holds a more optimistic view on Vietnam’s economic rebound in 2021, with its real GDP growth forecast at 8.6%, against the government’s 6.5% target.