UOB Chief: Economy set to recover

Mr. Harry Loh, General Director of United Overseas Bank (UOB Bank) in Vietnam, has said that with a flexible response to the pandemic, Vietnam’s economy will recover strongly and FDI inflows will continue to increase. He identified three major factors behind economic recovery. Despite obstacles from transportation restrictions due to Covid-19, FDI has continued to flow into Vietnam. Exports to the US and Europe have continued to grow, albeit at a slower pace. And the country’s vaccination program has improved significantly, from almost zero to over 20 per cent in just five months.