Worst of Covid’s economic fallout over: HSBC CEO

People shop for Christmas goods on Hang Ma Street, Hanoi, December 13, 2021. Photo by VnExpress/Thuy Quynh

The worst economic impacts of the Covid-19 are behind Vietnam and many potentials are lying ahead on the country’s recovery progress, the CEO of HSBC Vietnam said.

"So as 2021 draws to a close, it is time to take a deep breath, believe that the worst really is behind us this time and that Vietnam will resume its economic cadence from 2019," the bank’s CEO, Tim Evans, said in a note.

The country went through a challenging year as most people did not anticipate the devastating impact of the new Delta variant which very soon led to large parts being placed under various forms of lockdown and the economy taking a very significant hit as a result.

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