During the last trading sessions of 2021, the stock market was not particularly active. The effect was being felt of unfavorable news on the macro, the most notable of which was the GDP growth of the whole year at only 2.58%.

Vice Chairwoman of HCMC People’s Committee Phan Thi Thang promised to bring goods from the Mekong Delta into wholesale markets and distribution systems in HCMC to support farmers and cooperatives for connection of supply and demand.

The four markets receiving the largest number of Vietnamese workers included South Korea, Japan, Germany and Taiwan (China).

Some foreign financial organisations have issued relatively positive predictions for Vietnam’s economy this year, with growth expected at 6.5 - 6.7 percent.

The required customs procedures related to imports and exports have been simplified but enterprises are far from satisfied.

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.

As of December 31, 2020, Vietnam counted 683,600 operational enterprises, up 35.3 percent from 2016, the 2021 economic census revealed.

State capital divestment planning and the removal of limitations on foreign ownership are expected to drive insurance stocks to flourish in 2022.

AmCham will continue to work on lowering barriers to trade and creating a high-standard, transparent, and stable business environment in Vietnam.

The severity and persistence of inflation worldwide have surprised most central banks and organizations that offer economic forecasts. 

Despite the ongoing impacts of the Covid-19 pandemic, housing development is still being promoted.

The world is changing, with many great opportunities opening up for Vietnam. However, Vietnamese state-owned corporations, which have both financial and human resources potential, are unable to reach out to the world to seize these opportunities. 

After 30 years of development, South Korea has had hundreds of large-sized corporations, while most Vietnamese businesses are small and medium-sized after three decades of Doi Moi (reform).

No extreme solution – full opening or closing – will work in the context of Covid-19. ‘Flexibility’ is the principle used in wartime and applies to this situation.

Speaking at the close of the online conference between the Government and localities on Jan 5, Prime Minister Pham Minh Chinh pointed out 10 achievements, five external risks and six internal challenges.

The draft revised Decree 107/2018/ND-CP on rice export has worried local rice exporters as business conditions that had been previously removed may return.

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. 

While the majority of businesses have complained about difficulties caused by the pandemic, others have reported high profits.

If Vietnamese only think about achievements and ignore the warnings about macroeconomic risks, they will just be ‘resting on their laurels’, Party Chief Nguyen Phu Trong has said.

Pandemic developments remain complicated. Hundreds of thousand of businesses faced difficulties in 2021 after resuming production after lockdown.