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

VOV.VN - An array of programmes and overall solutions have been adopted by the Government aimed at accelerating the country’s economic recovery process amid the COVID-19 pandemic, with one of the important issues being how to restore aggregate demand.

The country’s total insurance premium revenue in 2022 is estimated at VND253.7 trillion (US$111.1 million), up 18.04% compared to 2021, according to the Department of the Insurance Supervisory Authority.

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.

VOV.VN - Vietnam’s export-driven economy managed to get through the worst of the COVID-19-related turbulence in 2021 to secure positive economic growth of 2.58%, although considerable challenges remain ahead in 2022 and beyond.

A majority of credit institutions are optimistic about their business performance in 2022, according to the latest survey by the State Bank of Vietnam (SBV).

The State Bank of Vietnam (SBV)’s expansion of credit growth quotas for commercial banks has created favourable conditions for lenders to boost lending as a way of supporting capital sources for individuals and firms to recover after the COVID-19 pandemic.

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.

Vietnam's Consumer Price Index edged up 1.84% year-on-year in 2021, the lowest ever recorded since 2016, according to the General Statistics Office.

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.