Optimistic forecast for Vietnam’s economy in 2022

Vietnam’s economic growth this year can reach up to 6.9% in the best-case scenario, the Central Institute for Economic Management (CIEM) announced during a recent Hanoi workshop to launch a report on Vietnam’s economy in the first half of 2022.

Optimistic forecast for Vietnam’s economy in 2022 hinh anh 1

Illustrative image (Photo: VNA)

Vietnam’s economic growth this year can reach up to 6.9% in the best-case scenario, the Central Institute for Economic Management (CIEM) announced during a recent Hanoi workshop to launch a report on Vietnam’s economy in the first half of 2022.

It is close to the government’s projected GDP growth of 7% for 2022.

In the best-case scenario, CIEM economists forecast the country’s inflation will average 3.7%, exports grow 16.3% and trade surplus stands around 2.7 billion USD, the report said.

The base scenario anticipates the economy to expand 6.7% and inflation to hit the expected level of 4%. Additionally, exports will be likely to rise 15.8% and trade surplus to total 1.2 billion USD.

The CIEM also outlined several factors affecting Vietnam’s economic outlook in the second half of the year, which include the ability to stem the spread of new COVID-19 variants and other diseases, the fulfillment of tasks of the national programme on socio-economic recovery and development, and macro-economic stability.

Optimistic forecast for Vietnam’s economy in 2022 hinh anh 2

Illustrative image (Photo: VNA)

Other factors, such as the ability to persify export markets, capitalize on opportunities from free trade agreements Vietnam is signatory to, and handle risks associated with trade and technology confrontation between the world’s superpowers, are also critical to the country’s growth prospect, according to the CIEM./.

Source: VNA
en.vietnamplus.vn

Related News

How does the Fed

How does the Fed's interest rate cut affect Vietnam?

VCN - In the latest meeting of the Federal Open Market Committee (FOMC), the Fed decided to cut interest rates by 50 basis points to a range of 4.75%-5%. Analysts have given different perspectives on this decision.
Important step to soon upgrade stock market

Important step to soon upgrade stock market

VCN - According to experts, the Ministry of Finance's issuance of Circular No. 68/2024/TT-BTC dated September 18, 2024 is an important step in the process towards the goal of improving the quality of the Vietnam’s stock market.
Risks for the economy when cash flow has not yet been put in to production and business

Risks for the economy when cash flow has not yet been put in to production and business

VCN - Investment channels in Vietnam have a lot of potential, but financial and banking expert Dr. Nguyen Tri Hieu, Director of the Institute for Research and Development of Global Financial and Real Estate Markets, said that cash flow into production and business is still modest, leading to risks for the economy.
Vietnam still primarily relies on processing and manufacturing with limited automation integration

Vietnam still primarily relies on processing and manufacturing with limited automation integration

VCN - Vietnam needs to cultivate domestic enterprises that are large-scale, possess international competitiveness, boast established brands, and can serve as cornerstones in leading the industrialization and modernization process.

Latest News

PM arrives in Laos for 44th, 45th ASEAN Summits

PM arrives in Laos for 44th, 45th ASEAN Summits

Prime Minister Pham Minh Chinh and a high-ranking delegation of Vietnam arrived at Wattay International Airport in Vientiane on October 8, beginning his trip to Laos to attend the 44th and 45th ASEAN Summits and Related Summits.
Timely decisions will bring about many innovations

Timely decisions will bring about many innovations

VCN - Speaking to reporters of Customs Magazine, economic expert, Associate Professor, Dr. Dinh Trong Thinh (photo) emphasized that the amendment and supplementation of 5 laws: Law on Public Investment, Law on Planning, Law on Investment, Law on Public-Private Partnership Investment and Law on Bidding will be an important policy lever to promote economic growth, help stabilize the macro economy, especially in the current period when the world economy is experiencing many fluctuations.
Vietnam, Tunisia promote trade cooperation

Vietnam, Tunisia promote trade cooperation

The Vietnam Trade Office in Algeria and Tunisia last week coordinated with the Tunisian Union of Industry, Trade and Handicrafts (UTICA) to organise a conference to connect Vietnamese businesses and their peers in in Tunis.
Vietnam welcomes over 12.7 million foreign tourists in nine months

Vietnam welcomes over 12.7 million foreign tourists in nine months

Vietnam welcome nearly 1.3 million international visitors in September, according to the latest report from the General Statistics Office (GSO).

More News

Prime Minister presides over Cabinet’s regular meeting

Prime Minister presides over Cabinet’s regular meeting

Prime Minister Pham Minh Chinh urged the acceleration of public investment disbursement while chairing a regular Cabinet meeting, which was connected online with 63 provinces and centrally-run cities on October 7.
Vietnam suggests ways to promote multilateralism at Francophonie Summit

Vietnam suggests ways to promote multilateralism at Francophonie Summit

Party General Secretary and State President To Lam attended official sessions and delivered an important speech at the 19th Francophonie Summit in Paris on October 5.
Top leader meets with Vietnamese community in France

Top leader meets with Vietnamese community in France

Party General Secretary and State President To Lam had a meeting with the Vietnamese community in France on October 5 (local time), as part of the leader's trip to attend the 19th Francophonie Summit and pay an official visit to France.
Standardising fruit quality can open up new markets for Vietnam: Insiders

Standardising fruit quality can open up new markets for Vietnam: Insiders

There is plenty of room for Vietnamese fruit and vegetables to enter more stringent markets such as the US, Australia, and the EU by focusing on high-quality fruit, accurate origin certificates, and food safety standards, according to insiders.
Support policies needed for businesses to recover after the super typhoon No. 3

Support policies needed for businesses to recover after the super typhoon No. 3

VCN - Super Typhoon No. 3 has left severe consequences. The livelihoods of the people and the operations of businesses have been significantly affected, making timely and appropriate support policies from regulatory agencies essential.
Top leader

Top leader's visit to create momentum for lifting Vietnam - France strategic partnership: Ambassador

The official visit to France by General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam is an important milestone which will create new momentum and open up a new stage for elevating the two countries’ strategic partnership to a new height, said Vietnamese Ambassador to France Dinh Toan Thang.
Vietnam, France boost cooperation in public services, administrative modernisation

Vietnam, France boost cooperation in public services, administrative modernisation

Vietnamese Minister of Home Affairs Pham Thi Thanh Tra and French Minister for Public Servants, Simplification and Transformation of Public Action Guillaume Kasbarian discussed cooperation programmes and signed bilateral cooperation documents their a meeting on October 4.
Vietnam’s FDI attraction wins big

Vietnam’s FDI attraction wins big

Foreign investors have been disbursing funds and accelerating investments in factories to establish long-term operations in Vietnam, reflected through the recent inauguration and groundbreaking of several projects across Vietnam.
Irish President

Irish President's speech at state dinner in honour of top Vietnamese leader

Irish President Michael D. Higgins delivered a speech at a state dinner in Dublin on October 2 in honour of General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam on the occasion of the top Vietnamese leader's state visit to Ireland.
Read More

Your care

Latest Most read
PM arrives in Laos for 44th, 45th ASEAN Summits

PM arrives in Laos for 44th, 45th ASEAN Summits

Prime Minister Pham Minh Chinh and a high-ranking delegation of Vietnam arrived at Wattay International Airport in Vientiane on October 8, beginning his trip to Laos to attend the 44th and 45th ASEAN Summits and Related Summits.
Timely decisions will bring about many innovations

Timely decisions will bring about many innovations

VCN - Speaking to reporters of Customs Magazine, economic expert, Associate Professor, Dr. Dinh Trong Thinh (photo) emphasized that the amendment and supplementation of 5 laws: Law on Public Investment, Law on Planning, Law on Investment, Law on Public-Pr
Vietnam, Tunisia promote trade cooperation

Vietnam, Tunisia promote trade cooperation

The Vietnam Trade Office in Algeria and Tunisia last week coordinated with the Tunisian Union of Industry, Trade and Handicrafts (UTICA) to organise a conference to connect Vietnamese businesses and their peers in in Tunis.
Vietnam welcomes over 12.7 million foreign tourists in nine months

Vietnam welcomes over 12.7 million foreign tourists in nine months

Vietnam welcome nearly 1.3 million international visitors in September, according to the latest report from the General Statistics Office (GSO).
Prime Minister presides over Cabinet’s regular meeting

Prime Minister presides over Cabinet’s regular meeting

Prime Minister Pham Minh Chinh urged the acceleration of public investment disbursement while chairing a regular Cabinet meeting, which was connected online with 63 provinces and centrally-run cities on October 7.
Mobile Version