The International Monetary Fund (IMF) has forecast Vietnam’s GDP to grow at around 3.8% this year, higher than that of its regional peers, Malaysia, Thailand, the Philippines, and Indonesia.

Minister of Planning and Investment (MPI) Nguyen Chi Dung calculated economic growth in the whole of 2021 at between 3 and 3.5 per cent, but also said such a target will be difficult to reach.

Many Vietnamese enterprises are diligently researching and developing Make in Vietnam products with high technology content.

As many as 500,000 workers have left the labor market in the last five months, while a high number of workers have left HCM City for their hometowns, resulting in a serious labor shortage.

Many cities and provinces are reopening hesitantly due to fear of the pandemic as their leaders are very cautious in making decisions because of the pressure of responsibility.

Most enterprises can now resume usual operations as Vietnam has entered the new normal period. However, their production and business have been obstructed by ‘sub-licenses’, or new regulations set by agencies.

The Vietnamese economy is likely to gradually recover from the fourth quarter of 2021 and escape the minus growth seen in the third quarter.

As the world is transitioning from pandemic to endemic, Vietnam needs to ensure its vaccination progress and greater adeptness at targeting control measures and support policies to follow suit.

Many businesspeople have complained that they have had to sell cars and fixed assets to maintain operations. Some have even sought capital from black credit sources with exorbitant interest rates.

Retail petrol prices in Vietnam are likely to reach new highs when the Ministry of Finance and the Ministry of Industry and Trade announce their price adjustments on October 11.

The online forum "The press accompanies businesses to restore production and business, overcome the impact of the pandemic" to mark Vietnam Entrepreneurs' Day on October 13.

Vietnam has taken various measures in a bid to protect the interest of Vietnamese products and exporters in the EU markets, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT).

Minister of Planning and Investment Nguyen Chi Dung has been assigned a difficult task – drafting a program on recovering and developing the economy in association with improving economic autonomy in 2022-2023.

Prolonged social distancing in many localities have led to lower-than-expected economic growth for the first nine months, but with the accelerated vaccine rollout, the economy is expected to gain growth momentum soon.

Businesses need loans without collateral and a simple procedure which allows them to access bank loans soon or they will die before they get the money.

Nguyen Quoc Ky, Chairman of Vietravel, a big tourist company in Vietnam, said that due to the impact of the 4th wave of Covid-19 epidemic, the entire tourism industry of Vietnam has been closed since May 2021.

Ho Chi Minh City and 18 southern provinces are gradually resuming business and production activities after a long time of lockdown. 

The acceleration of vaccinations will help restore production and business activities, and expand green production zones and a green workforce for the economy.

Having struggled with Covid-19 for two years, Vietnam has step by step controlled the outbreaks. The reduction in the number of infections and deaths shows that the country is on the right track.

The application of different regulations on pandemic prevention and control in different cities/provinces is causing difficulties for enterprises.