Vietnam’s economy on edge of contraction
Vietnam’s economy is foreseeing a clear path into contraction under the impact of Delta’s outbreak. Production is put into a puzzle with the “three on the spot” requirement with most industries running far below full capacity, while domestic spending has come to a standstill aside from essential purchases during a lockdown. Furthermore, a risk of export orders shifting to competitors is becoming inevitable if a broken supply chain is not fixed. A key solution for all is when the government opens the re-opening stage.