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.
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.
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.
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.
Pandemic developments remain complicated. Hundreds of thousand of businesses faced difficulties in 2021 after resuming production after lockdown.
To develop the processing and manufacturing industry, the State needs to have stronger policies that focus on domestic enterprises. To have strong policies, it needs strong resources.
Despite facing various difficulties, it remains entirely possible to be optimistic about the outlook for foreign investment attraction moving into 2022, with many commitments regarding investment in major projects being made by foreign investors.