Vietnam’s economic rebound is expected to continue over the second half of 2022, supported by strong economic fundamental, flexible monetary policy

Businesses with good profit growth in the first six months are expected to decline in the rest of the year, whereas the group of businesses that saw sharp dip in profits in the second quarter will have the opportunity to recover and accelerate.

Capital account restrictions largely insulate interest rates in Vietnam from global monetary tightening and the country’s policy rate is expected to increase 50 basis points to 4.5% by end-2023, according to Fitch Ratings.

The Economic Restructuring Plan (ERP) is a continuation and concretisation associated with specific conditions of the next period.

The cost of products and services increased by 5-15% in the first quarter of 2022 in Vietnam. Inflationary pressure is increasing. It is forecast that Vietnam’s economic growth in 2022 will not be as

The consumer price index (CPI) in the first quarter of the year rose by 1.92%, representing the lowest increase since 2017, with the exception of 2021, although the inflationary pressure will remain high until the end of the year.

The focus is to ensure a healthy fiscal foundation and sustainable budget policy in line with Vietnam’s international commitments and good practices.

Vietnam’s Gross Domestic Product (GDP) in the first quarter of this year was estimated to increase 5.03 percent year-on-year, higher than the 4.72 percent growth rate in the same period last year, according to the General Statistics Office.

Experts said that Vietnam’s policy to lure foreign investment in the past 30 years has not been as successful as expected because it has been too easy and not binding.

In the preview of an upcoming book titled “Time Traveling Economist”, author Charlie Robertson, the global chief economist of Renaissance Capital, has explained why Vietnam escaped from poverty to become a middle-income country

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

The world commodity market is fluctuating strongly, and supply chain disruption has led to concerns about inflation and economic growth.

As a country with high economic openness, deeply integrated into the global economy, Vietnam cannot avoid the impact of the Russia-Ukraine conflict.

Although the health crisis is becoming more complicated, Vietnam is still forecast to take the lead in economic growth in the region in 2022

Foreign investment funds all have positive forecasts about the prospects of Vietnam's economic recovery and stable growth of foreign direct investment (FDI) inflows in 2022.

If the Russia-Ukraine crisis causes disruptions in oil and gas supply and high oil prices, it will affect Vietnam's economic growth.

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.

A national master plan is being formulated to turn Vietnam into a developed and high-income country by 2045, said Minister of Planning and Investment Nguyen Chi Dung.

The national comprehensive planning of Vietnam in 2021-2030 must harmonise social equality, environmental protection and economic development of the country.