return icon

Lawmakers approve 2022 GDP growth target of 6-6.5 percent

The 15th National Assembly on November 12 adopted a resolution on the 2022 socio-economic development plan with all 472 legislators joining the vote saying "yes".

Lawmakers approve 2022 GDP growth target of 6-6.5 percent hinh anh 1

At the meeting.

Earlier, several deputies said it was difficult to achieve the GDP growth target of 6-6.5 percent in 2022. Instead, the 5-5.5 percent growth target was more feasible. Several economic indicators should be revised based on different growth scenarios.

However, the NA Standing Committee said the 2022 GDP growth target was built on the analysis and forecast about the domestic and global situation, including advantages and disadvantages in 2021. The 6-6.5 percent growth target demonstrated the Government’s high determination, with growth scenarios and economic indicators already under thorough consideration. Therefore, the committee suggested the NA retain the growth target in the draft resolution.

The resolution comprises four articles, setting out 15 key development targets, including a GDP growth of around 6-6.5 percent, a per capita GDP of 3,900 USD, the manufacturing and processing sector’s contribution to 25.5-25.8 percent of the GDP, and the average CPI hike of nearly 4 percent.

The legislature basically agreed with tasks and measures proposed by the Government, the Supreme People’s Court, the Supreme People’s Procuracy, and the NA organs. They also asked the Government and relevant agencies to well perform 12 groups of key tasks and solutions.

The groups of key tasks and solutions include flexibly and effectively fighting COVID-19 and restoring socio-economic development; accelerating economic restructuring in combination with renewing the growth model, improving the efficiency, quality and competitiveness of the economy; consolidating and strengthening national defence-security capability together with consistently and firmly safeguarding national independence, sovereignty, unity and territorial integrity, and maintaining an environment of peace and stability, and ensuring political security and social safety and order; and improving the efficiency of external activities, among others./.

Source: VNA


Aviation industry forecast to fully recover in 2025

It is not until 2025 that the local aviation sector can fully recover due to rising fuel prices and the slower-than-expected reopening of international markets, according to domestic airlines.


Hanoi airport faces serious congestion during summer peak

Hanoi and Hoi An among Top 25 Overall Experiences in Asia

Motorbike tours around Hanoi and cooking classes in Hoi An have made it into the Top 25 Overall Experiences in Asia, as voted on by readers of TripAdvisor.

Vietnam, Hungary seal judicial cooperation deal for 2022-2023

Vietnamese Minister of Justice Le Thanh Long and his Hungarian counterpart Judit Varga on June 27 signed a cooperation programme between the two ministries for the 2022-2023 period.

India conglomerate pledges to invest 10 billion USD in Vietnam

A joint venture between India’s Adani Group and Vietnam’s Anh Phat Investment Construction & Trading JSC has been approved by authorities of Da Nang to start studying the development of a major seaport in the central city.


Govt approves appointment of contractors for North-South expy project

HCM City hi-tech park to speed up investment procedures

HCM City will focus on helping businesses invest in the Saigon Hi-tech Park in Thu Duc City by addressing slow administrative procedures, a conference on facilitating investment heard on June 27.

Korea, Vietnam to mark 30th anniversary of relations with cultural events

The Korea Content Creation Agency in Vietnam will organise a series of cultural-entertainment events this year to commemorate the 30th anniversary of the establishment of diplomatic relations between the two countries.

HCM City to promote AI in education sector

HCM City will need to promote the application of Artificial Intelligence (AI) in the education sector as part of its effort to become a smart city by 2030, experts said.

Additionally-registered and share-purchased FDI soars sharply in first half of 2022

Despite newly-registered FDI dropping in the first half of the year, additionally-registered and share-purchased investments increased significantly on-year.

Vietnam joins hands with France to renovate Hanoi’s Long Bien bridge

Vietnamese and French experts will join hands to renovate Hanoi City’s deteriorating Long Bien Bridge in the coming months.

Lessons learned from urban railway projects

The urban railway projects that have been and are under construction are all behind schedule, so the total investment must be adjusted.

Prices hit record high, Vietnam earns big money from catfish

Export prices have been escalating in all markets and hitting new records in the US. Vietnam’s catfish export turnover is expected to reach $2.6 billion this year, the highest in history.

Phu Dien Cham Tower in Vietnam sets world record

The central province of Thua Thien – Hue on June 27 held a ceremony to mark WorldKings’ recognition of Phu Dien Tower built by the Cham people as a world record.

Explosive e-commerce growth drives demand for logistics

The rapid growth in e-commerce is driving an unprecedented increase in demand for logistics services, including express delivery services, according to industry insiders.