Tag: recovered

Ho Chi Minh City’s gross regional domestic product (GRDP) stood at more than VND728.7 trillion ($31.28 million) in the first half of 2022, a 3.82 per cent increase year-on-year. After posting negative growth in the third and fourth quarters of 2021, the city’s economic performance is exhibiting a V-shaped recovery.

Although the number of Covid-19 infections rose rapidly in most cities and provinces in Vietnam during the first quarter of 2022 due to the Omicron variant, the number of people employed in the period still increased compared to the previous quarter and the same period last year, especially in the services sector. However, Vietnam’s labor market still has some unsustainable elements, with unemployment and underemployment both remaining high.