The GDP growth is expected to rebound to around 6.7% in 2021.

The country would remain the only one with positive growth among five major economies in ASEAN, and its economic growth would rebound to 6.7% in 2021.

Hanoi's economic growth is set to rebound to 7.5% next year as the city continues to pursue the dual target of both containing the pandemic and boosting economic recovery.

As the government looks to push for public investment and the central bank keeps a low interest rate environment to aid economic growth, banks are expected to be the first beneficiaries from an economic rebound.

Although the pandemic has negatively affected most businesses in Vietnam, many have demonstrated a high capacity to rebound after the lifting of the nationwide lockdown at end of April 2020, said a World Bank’s expert.