Vietnamese lenders are hoping for at least 20% – 30% growth in their earning this year in the light of the country’s promising economic outlook.

An article recently published on the East Asia Forum site assessed prospects and challenges facing the Vietnamese economy this year.

VOV.VN - Amid the ongoing complicated developments of the COVID-19 pandemic, escalating petrol prices have exerted tremendous pressure on local enterprises, especially those operating within the transport sector, according to industry insiders.

Vietnam’s GDP growth this year may be over 6.5% if high global inflation can be harnessed, the roadmap of the US Federal Reserve (Fed)’s interest rate raises is on schedule and economies worldwide are fully open.

VOV.VN - Experts from the UK-based audit service supplier PricewaterhouseCoopers (PwC) anticipate that Vietnamese GDP will return to a growth rate of between 6% and 6.5%, largely due to the strong return of foreign direct investment (FDI) flows into the local market.

Analysts all have optimistic forecasts about cash flow to Vietnam in 2022 and upcoming years after a year of net withdrawals.

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.