Vietnam’s economy is estimated to grow by 6.42% in the first half of 2022, higher than expected, heard a Government teleconference on July 4.

The southern province of Binh Duong took the lead among Vietnam’s 63 provinces and cities in terms of gross domestic product (GDP) per capita in 2021, according to the latest data released by the General Statistics Office.

Right now, Vietnam is full of promise. The recent ratings upgrade by S&P Global makes it likely that the country will be the next “rising star”, referring to the achievement of its first investment grade rating in the next few years.

Slow implementation of the national fiscal and monetary initiative is expected to dent economic growth, with legislators urging the government to soon review the policy to provide further assistance for enterprises and people.

Chairman of Hoa Phat Group Tran Dinh Long and Chairman of Thaco Group Tran Ba Duong are the two Vietnamese USD billionaires in 2022 who work in the manufacturing industry.

Behind the good news that in the first quarter of 2022, for the first time in history, the number of newly registered businesses in a month exceeded 15,000, there were still worries about the "health" of many others.

The building of an independent and self-reliant economy associated with extensive international integration needs to start from businesses, especially private ones, in order to increase resilience and improve internal forces.

Vietnam’s gross domestic product (GDP) reached approximately US$368 billion in 2021, making it the fifth-largest economy in Southeast Asia and 41st in the world, the International Monetary Fund (IMF) World Economic Outlook has revealed.

Due to the slow progress of equitization, the scale of state-owned enterprises (SOEs) in the economy is still very large, accounted for 7% of total assets and 10% of equity of all enterprises in the market.

Vietnam's GDP growth has shown signs of slowing down, with the growth rate of 7%/year not achieved for many years now. Vietnam faces the risk of falling into the middle-income trap.

The 4th Vietnam Economic Forum has affirmed the correct and effective policy of the Party and State on pursuing Doi Moi, building an independent, self-reliant economy in combination with proactive and active international integration.

The stock market of Vietnam fell for six consecutive weeks with a drop of over 20%. Liquidity also fell sharply, causing concern.

The world is witnessing the highest inflation in decades. Many economies around the world face a risk of recession.

The world today is being affected constantly by the ripple effects of global problems and occurrences such as the ongoing US-China trade war, the recent lengthy Covid-19 pandemic, and now the current fierce Russia-Ukraine conflict.

The S&P Global Ratings on May 26 raised its long-term sovereign credit rating on Vietnam to “BB+” with a “stable” outlook on the back of strong economic recovery, according to the Ministry of Finance.

The targets set for 2022, including the growth target of 6-6.5 percent, remain a huge challenge given the domestic and international situation, Deputy Prime Minister Le Van Thanh said at the third session of the 15th National Assembly in Hanoi.

The question for Vietnam is how to become a high-income economy while increasing productivity and protecting its resources.

The risk of high inflation and the rising price of assets have been put forward at a seminar to discuss how to support and revive the economy in the new normal, after the great impact of the COVID-19 pandemic.

Vietnam is anticipated to enjoy the highest trade and income gains among members of Regional Comprehensive Economic Partnership (RCEP), according to a latest World Bank report.

State-owned enterprises (SOEs) have not been able to fulfill their leading and motivating role in the economy and lack a strategic vision to develop and participate in global value chains.