Vietnam’s recovery is set to gather momentum in 2022, as domestic demand rebounds and export performance remains strong, according to Fitch Ratings.

The 5G services are projected to contribute 7.34% to Vietnam’s GDP growth in 2025, according to a research by the National Institute of Information and Communications Strategy.

VOV.VN - The industry and trade sector is striving for total export turnover to surge by over 8% in comparison to 2021, with trade balance continuing to enjoy a trade surplus, thereby contributing to the overall successful implementation of the GDP growth target as planned.

VOV.VN - The Government has issued a resolution on the overall socio-economic recovery programme worth VND350 trillion (US$15 billion) which was approved by the National Assembly a couple of weeks ago.

Predictability and transparency in the policy framework will be the key for Vietnam to overcome the crisis and the positive outlook will put the country in a much better position to aim for an investment rating in the near future, Olivier Rousselet, Country Director of BNP Paribas Vietnam, has said.

Firms in diverse areas nationwide expect that recruitment activities will grow strongly in the first half of 2022 as the economy is gradually recovering, according to the newly-published ManpowerGroup Vietnam Employment Outlook Survey in the first and second quarters of 2022.

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

The Ministry of Industry and Trade (MoIT) has said this year it will closely coordinate with several foreign multinationals like Samsung and Toyota to connect with local suppliers of materials and accessories, in an effort to seek alternative supply for imports in both short and long terms.

The Government has identified three focal tasks for economic development in 2022, noting that it will capitalise on every opportunity to promote socio-economic recovery and development nationwide, maintain long-term growth momentum, and make use of new and sustainable drivers.

VOV.VN - The Vietnamese economy is set to expand by 6.8% in 2022, Singapore-based United Overseas Bank (UOB) has forecast.