Update news GDP
The growth momentum in 2022 has created the space and conditions for effective monetary and fiscal maneuvering in 2023.
Vietnam’s Gross Domestic Product (GDP) in the second quarter of this year was estimated to increase 7.72% year-on-year, higher than the growth rates in the same quarters during the 2011-2021 period.
The Government has issued Resolution 01/NQ-CP on socioeconomic targets for 2022, following which the Government targets a gross domestic product (GDP) growth of 6%-6.5% and GDP per capita at US$3,900.
Vietnam has set a 6-6.5% GDP growth target and US$3,900 in GDP per capita for 2022 with a focus on COVID-19 prevention and control and economic recovery, said top leaders during an online conference with localities across the country yesterday.
Pandemic developments remain complicated. Hundreds of thousand of businesses faced difficulties in 2021 after resuming production after lockdown.
Despite facing various difficulties, it remains entirely possible to be optimistic about the outlook for foreign investment attraction moving into 2022, with many commitments regarding investment in major projects being made by foreign investors.
Deputy Prime Minister Le Van Thanh has recently signed a decision approving the National Statistical Development Strategy for the 2021-2030 period, with a vision to 2045.
Seeking capital to help recover production and business is not easy but it’s not the biggest difficulty, experts say. The tougher task is driving money “to the right addresses at the right time”.
The well-studied report with the combined efforts of domestic and foreign experts will enable Vietnam to have a long-term roadmap for the marine economy in the sustainable development strategy by 2030.
Vietnam’s GDP growth forecast for this year has been lowered to 2-2.5 percent, according to the World Bank's October 2021 Vietnam Macro Monitoring.
Major newspapers of Laos as well as the Lao National Television and Radio have posted an interview granted by Vietnamese Ambassador to Laos Nguyen Ba Hung to local media on the occasion of the 76th anniversary of Vietnam’s National Day).