Minister of Planning and Investment Nguyen Chi Dung on October 7 proposed a 7.6-8% economic expansion in Quarter 4 following positive results in the previous quarter, helping achieve and exceed the full year target of 7% growth.

The Fiscal Policy Office (FPO) of Thailand forecast this country’s economy will pick up next year at 4 percent as the pandemic situation is expected to improve and the country reopens on November 1.

The capital city has recorded economic expansion of 3.94 percent this year amid the COVID-19 pandemic, and it is expecting to regain momentum to secure growth of around 7.5 percent in 2021.

Economic expansion of Laos is forecast to contract this year for the first time since 1980s due to impacts of the COVID-19 pandemic, but the economy will recover in 2021, according to the Asian Development (ADB)’s recent report.

Economists are upgrading their growth projections for Vietnam after the latest data showed the economy surged more than 7 percent in the third quarter, according to Bloomberg.

Political clarity and continued economic expansion have bolstered investor sentiment to its highest level in seven months and prompted analysts to forecast the Thai stock market hitting 1,826 points by year’s end.

Measures to reach the growth target of 6.7 percent in 2018 were discussed at a teleconference between the Government and localities on July 2.