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

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.

The Ministry of Finance's Department of Price Management (DPM) has proposed several solutions to curb the rising tendency of inflation after the Lunar New Year (Tet) holiday.

VOV.VN - The consumer price index (CPI) for January increased by 0.19% month on month and by 1.94% year on year, fuelling core inflation for January to rise by 0.22%, according to the General Statistics Office (GSO).

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

Input cost increases have forced manufacturers to increase selling prices. However, purchasing power is weak, which is a warning about a tough year ahead.

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 Government held an online conference on January 5 with all 63 cities and provinces in order to set out the implementation of socio-economic development tasks for 2022.

VOV.VN - Vietnam posted a trade surplus for the sixth consecutive year, a move that has significantly contributed to stabilising the macro-economy, curbing inflation, and helping the local economy to gain more foreign currency reserves, according to experts.

VOV.VN - The inflation rate for 2022 will be within reach of around 2% to 3%, lower than the 4% target set by the National Assembly (NA), according to forecast made by various experts and managers.