The data announced by the General Statistics Office in late 2021 described Vietnam’s economic picture in a turbulent year surrounded by the pandemic, the fear of disruption of supply chains, and the confidence of the business community.

Experts have forecast that inflation will remain under control in 2022 although there will be pressure in the year.

VOV.VN - Vietnam’s GDP is expected to rebound to 5.5% growth in 2022 if the COVID-19 pandemic is under relative control both at home and abroad, the World Bank said in its Taking Stock report released on January 13.

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.

In 2021, despite being affected by the COVID-19 pandemic, all three areas of agro-forestry and fisheries, industry and construction, and services posted higher growth rates compared to 2020.

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 Regional Comprehensive Economic Partnership (RCEP), which came into force as of January 1, is expected to provide a fresh impetus to enhancing trade activities and boosting economic recovery in the post-pandemic period.

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

VOV.VN - The Malaysian National News Agency (Bernama) has praised Vietnam’s efforts to fulfil some economic targets set for 2021 despite the impact of the COVID-19.