Vietnam forecasts 6-6.5 pct H2 GDP growth

In the first scenario, the economy would expand by 6 percent if the current Covid-19 wave is contained by July and no major outbreak occurs in industrial parks and big cities, Deputy Minister of Planning and Investment told reporters Thursday evening.

In the second scenario, the economy would expand by 6.5 percent if the current Covid-19 wave is contained in June, but this is a "very challenging" target as the situation remains complicated, he said.

Other challenging factors to the economy in the first six months include rising property, goods, material and logistics costs, it was added.

However, the economy still recorded positive growth despite Covid-19 impacts. Growth in the first six months was 5.64 percent, triple that during the same period last year.

Government revenues rose 15.3 percent year-on-year, while exports surged 28.4 percent to over $157.6 billion.