Vietnam’s economy to recover and grow in 2022
(VOVWORLD) - Despite an economic growth rate of 2.58% in 2021, the lowest rate in 30 years, economists are optimistic about Vietnam’s economic rebound and growth in 2022. But this process depends much on Vietnam’s capability to contain the pandemic, they said.
Economists say with its wide coverage of COVID-19 vaccination by the end of 2021 and accelerating vaccination, Vietnam’s economy is likely to recover strongly.
Economist Le Duy Binh said changes in Vietnam’s strategy on disease prevention and control have influenced the business community and the economy as a whole. Last November, nearly 12,000 businesses joined the market with registered capital of more than 6.5 billion USD and nearly 5,000 businesses resumed operation.
Economist Ngo Tri Long said the momentum for Vietnam’s economic growth in 2022 will be exports, investment, and domestic consumption. Public investment will be the key factor for social investment and economic growth.