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 - With a high rate of vaccine coverage nationwide in late 2021 coupled with a rapid rollout, the Vietnamese economy is forecast to make a strong recovery with bright and optimistic signals ahead, according to economic experts.

If it does not take advantage of opportunities, Vietnam will need at least two more decades to reach the per capita added value in the processing and manufacturing industry for newly industrialized countries.

VOV.VN - Vietnamese enterprises have encountered numerous difficulties when attempting to export goods to the United States and Europe, including facing a shortage of empty containers and a high sea freight rate, according to industry insiders.

Many banks have increased their interest rates to attract more depositors after getting a credit growth quota expansion from the State Bank of Vietnam (SBV).

VOV.VN - The local garment and textile sector is targeting an export turnover of US$39 billion this year, marking increases of 11.2% and 0.2% compared to 2020 and 2019, respectively, according to the Vietnam Textile and Apparel Association (VITAS).

Vietnamese developers’ contracted sales are forecast to increase by 20%-30% next year thanks to an improving operating environment, with rising vaccination rates and continued easing of mobility restrictions likely to spearhead the economic recovery, according to Fitch Ratings.

The bailout in 2008-2009 pushed the national economy to a high inflation rate in following years, once climbing to 18%.

VOV.VN - With the average growth rate of the footwear industry throughout the 2016 to 2019 period increasing by 12.1% annually, Vietnam ranked second in the world in terms of footwear exports, surpassing China to become the largest exporter of canvas shoes.