Vietnam's emerging and dynamic private sector proved its resilience during the Covid-19 pandemic as it helped the country become one of the few countries to obtain positive growth in 2020. 

The reopening of international flights to Vietnam after more than one year of closure, coupled with the country’s bright prospect for economic recovery, will help accelerate the inflow of foreign direct investment (FDI).

The costs of petrol, logistics, imported materials, and labor have simultaneously increased, putting more burden on the production activities of enterprises.

Many enterprises in Ho Chi Minh City have witnessed a rebound in production and exports since the beginning of the year, despite continuing to face COVID-19 challenges, according to industry insiders.

In 2022, Vietnam is forecast to record growth at a significantly higher rate, partly thanks to the high vaccination rate that helped the country recovered most of its economic activity since late 2021.

The rebound in domestic consumption demand and strong export growth will be the driving force for Vietnam’s economic growth in 2022. Another important driver is the recovery of the service and tourism sectors.

Vietnam will soon disburse at least 50 percent of the VND350 trillion economic recovery package, the largest in its history, aiming to reboot the country’s economy after a long period of social and mobility restrictions due to the COVID-19 pandemic.

Vietnamese tourism is planned to reopen on March 15, but a labour shortage threatens its recovery.

After the pandemic, many businesses, especially those in the fields of fashion and cosmetics, want to open large-scale stores in prime locations in the center of Ho Chi Minh City.

The year 2022 will not only be the time to live with but overcome the Covid-19 pandemic with a proactive attitude. 

After nearly 2 years conserving energy to survive adverse COVID-19, a ray of light can be seen on the horizon for the national tourism industry and the airline sector.

An economic recovery package worth VND350 trillion, the largest package so far, to be disbursed in 2022 and 2023, offers many supportive measures. Workers experiencing difficulties can borrow money to buy or rent social housing.

Improving the business environment and enhancing competitiveness are priorities in the tasks assigned by the Government to ministries and agencies in 2022. This is a necessary addition to the recently approved economic growth and recovery plan.

The COVID-19 pandemic has caused local firms to face an array of risks, with there being a large and possible long-lasting vulnerability for them.

Vietnam’s GDP growth this year may be over 6.5% if high global inflation can be harnessed, the roadmap of the U.S. Federal Reserve (Fed)’s interest rate raises is on schedule and economies worldwide are fully open.

The Government needs to carefully monitor and outline economic stimulus packages to assist businesses affected by the pandemic to quickly recover the national economy, according to experts.

Minister of Planning and Investment Nguyen Chi Dung talks about the key objectives and priorities of Vietnam socio-economic recovery programme for 2022. 

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.