The HCM City People’s Committee has announced that 4,850 businesses in the city resumed their operations in January, up 36.3 percent year-on-year, and nearly 500 percent month-on-month.

In the early days of 2022, Vietnam’s airports were packed with passengers, which was good news for the local aviation industry and a positive sign for strong economic recovery.

Vietnamese businesses have high hopes for an economic recovery in 2022. Despite Covid-19, foreign-invested enterprises are scaling up their business in Vietnam.

In 2022, the driving force for Vietnam’s economic growth will still be import and export, attracting foreign direct investment (FDI) and public investment. Among these factors, public investment is the most important.

The Vietnamese Government has made great efforts to recover the country’s economic growth, with key tasks as defined in Resolution No.02/ND-CP.

Business leaders in Southeast Asia are set to build back better by investing in a robust omnichannel approach, diversifying their supply chains, and...

Economists predict that the local economy will recover and regain its growth momentum in 2022 thanks to the macroeconomic stability it maintained in 2021.

The Government has issued a resolution on the overall socio-economic recovery programme worth VND350 trillion (US$15 billion) which was approved by the National Assembly a couple of weeks ago.

The investment capital of nearly VND350 trillion for the Socio-Economic Development and Recovery Program must be quickly disbursed, said Deputy Prime Minister Le Minh Khai.

When the Covid-19 pandemic broke out, Vietnam was in a zero-vaccine state, so it had to implement social distancing to protect people's health and life.

Inflation will apparently become one of the key words of 2022.

Without solutions to support the economy, the average growth rate in the 2021-2025 period is forecast to only reach 5.4%/year, lower than the target set from 6.5-7%/year.

The Government has submitted to the National Assembly a fiscal and monetary policy scheme to support socio-economic recovery and development, including a proposed support package worth nearly VND347 trillion.

Given the severe impact of COVID-19, the National Assembly’s recent approval of a VND350 trillion (US$15 billion) economic recovery package is considered by businesses and experts as an extremely important leverage and motivation moving forward.

The National Assembly on January 11 voted to adopt a Government-proposed socio-economic recovery programme worth nearly VND350 trillion (approximately US$15 billion) over the next two years.

No extreme solution – full opening or closing – will work in the context of Covid-19. ‘Flexibility’ is the principle used in wartime and applies to this situation.

Input cost increases have forced manufacturers to increase selling prices. However, purchasing power is weak, which is a warning about a tough year ahead.

Viet Nam needs to start an economic recovery programme soon to achieve the economic growth target of 6-6.5 per cent in 2022 as set by the National Assembly, experts have said.

Businesses in Ho Chi Minh City are trying to adapt and recover after the fourth wave of the Covid-19 epidemic.

The Government of Vietnam and the WB have signed an agreement for financing of US$221.5 million to support Vietnam’s recovery from the COVID-19 pandemic through policy reforms on improving financial inclusion and greater environmental resilience.