Economic activity recovered strongly in Q3 with the successful containment of COVID-19. Although the second wave of COVID-19 that emerged in late-July slowed the recovery momentum, Vietnam achieved growth of 2.62% YoY in Q3 2020 (Q1: 3.68%; Q2: 0.39%) and 2.12% YoY in 9M 2020. Rapid and strict measures implemented in the hotspot of Da Nang and several other areas helped to contain the spread of COVID-19 and limit its negative impact on the economy. Notably, the services sector rebounded