Two scenarios mapped out for Vietnam's economic growth

(VOVWORLD) - The Ministry of Planning and Investment has sketched out two scenarios for economic growth based on Vietnam's achievements in the last 9 month and prospects for the remaining months of this year, Deputy Minister of Planning and Investment Tran Quoc Phuong told the press conference following the Government’s regular meeting in Hanoi on Saturday.
Two scenarios mapped out for Vietnam's economic growth - ảnh 1(Photo:

Accordingly, to obtain a growth rate of 3 percent for the entire year, the national economy must expand at least 7.06 percent in the fourth quarter of this year. Meanwhile, to fulfill the yearly target of 3.5 percent, the quarterly growth is set at 8.84 percent.

The economic performance in the last quarter depends greatly on the implementation of the strategy on safe adaptation to the COVID-19 pandemic, Phuong stressed.
Businesses should restore their operations, even reaching only 80 percent of their capacity, to spur the economic growth, Phuong said, expressing his hope that the quarterly target of 7 percent would be completed.
Also at the press conference, Deputy Minister of Finance Nguyen Duc Chi said the Ministry has submitted the National Assembly Standing Committee for approval a Resolution on tax exemption and reduction to help businesses and people who are affected by the COVID-19 pandemic. 
Deputy Minister of Health Do Xuan Tuyen said the Ministry has adopted a plan on vaccination for people over 18 years old and a plan on the second shot to ensure the vaccination coverage. In the meantime, vaccines will be prioritized for Hanoi, HCM City, Long An, Binh Duong, and Dong Nai province. Vietnam expects to receive 150 million doses of vaccine by the first half of next year. By the end of this year, additional 54 million doses of vaccine will arrive in Vietnam. The Ministry of Health will deliver the vaccines based on the pandemic situation in each locality.