Vietnam’s economic growth forecast to rebound strongly in 2022

Cập nhật: 13-01-2022 | 11:53:44

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

A package factory of the HAPLAST Joint Stock Company in northern Hung Yen province

Standards Chartered held that the GDP growth will rebound strongly to 6.7 percent in 2022 and 7 percent in 2023, saying Vietnam’s medium-term outlook remains positive.

The bank made the forecast in its latest reports titled “Still battling headwinds” and “Vietnam - Moving back to high growth“.

“The economy should continue to bounce back in 2022 as the pandemic improves. Income growth has outpaced spending growth in recent years; this provides a decent savings buffer against the pandemic.” said Tim Leelahaphan, economist for Thailand and Vietnam at Standard Chartered.

“COVID-19 remains a key risk, at least in the short term. The first quarter could see a full resumption of factory operations, after closures in Q3/2021, and government stimulus; clearer recovery is expected in March,” he noted.

 

Economists at Standard Chartered said a continued improvement in the global trade environment will support exports in 2022 although import growth is likely to remain high.

In the recent “Vietnam at a glance” report, HSBC said after two years of growth slowdown, the country’s economic growth will accelerate to reach 6.5 percent in 2022. The Government also targeted this year’s GDP expansion at 6.5 - 7 percent, equivalent to the pre-pandemic levels.

It noted Vietnam has recovered steadily after hitting bottom in 2021 and that it will regain growth momentum in all aspects soon.

Manufacturing and export are expected to retain their leading positions, partly thanks to the stable commitments to foreign investment attraction. Besides, domestic demand is likely to bounce back further when current restrictions are gradually removed and the labour market revives.

HSBC noted the biggest obstacle needing attention now is the ongoing COVID-19 outbreak, especially the appearance of the Omicron variant, but it is encouraging that the vaccination has been much improved, enough for avoding another period of widespread social distancing./.

VNA

Chia sẻ bài viết
Tags
Vietnam

LƯU Ý: BDO sẽ biên tập ý kiến của bạn đọc trước khi xuất bản. BDO hoan nghênh những ý kiến khách quan, có tính xây dựng và có quyền không sử dụng những ý kiến cực đoan không phù hợp. Vui lòng gõ tiếng việt có dấu, cám ơn sự đóng góp của bạn đọc.

Gửi file đính kèm không quá 10MB Đính kèm File
Array
(
    [0] => Array
        (
            [news_lang] => en
            [news_id] => 271729
            [news_title] => JICA helps Vietnam carry out net-zero emission commitment
            [newcate_code1] => society
            [newcate_code2] => 
            [news_publicdate] => 2022-05-20 18:49:40
            [news_type] => 0
            [news_createdate] => 2022-05-20 18:48:34
            [news_picture] => 1653047314.jpg
        )

    [1] => Array
        (
            [news_lang] => en
            [news_id] => 271697
            [news_title] => Provincial Red Cross Society holds "zero dong” market-day and inaugurates humanitarian works
            [newcate_code1] => society
            [newcate_code2] => 
            [news_publicdate] => 2022-05-20 11:28:22
            [news_type] => 0
            [news_createdate] => 2022-05-20 11:26:46
            [news_picture] => 1653020804.jpg
        )

    [2] => Array
        (
            [news_lang] => en
            [news_id] => 271630
            [news_title] => Bau Bang district – a place of brilliant construction of cultural zones and hamlets
            [newcate_code1] => society
            [newcate_code2] => 
            [news_publicdate] => 2022-05-19 17:05:50
            [news_type] => 0
            [news_createdate] => 2022-05-19 15:05:03
            [news_picture] => 1652947503.jpg
        )

    [3] => Array
        (
            [news_lang] => en
            [news_id] => 271574
            [news_title] => Vietnam records 1,831 new COVID-19 cases on May 18
            [newcate_code1] => society
            [newcate_code2] => 
            [news_publicdate] => 2022-05-19 04:59:51
            [news_type] => 0
            [news_createdate] => 2022-05-19 04:53:19
            [news_picture] => 1652910798.jpg
        )

    [4] => Array
        (
            [news_lang] => en
            [news_id] => 271525
            [news_title] => Thuan An City gives gifts to disadvantaged people
            [newcate_code1] => society
            [newcate_code2] => 
            [news_publicdate] => 2022-05-18 12:36:46
            [news_type] => 0
            [news_createdate] => 2022-05-18 12:08:26
            [news_picture] => 
        )

    [5] => Array
        (
            [news_lang] => en
            [news_id] => 271524
            [news_title] => Fourth jabs and COVID-19 vaccination for children 6 to under 12 years old given
            [newcate_code1] => society
            [newcate_code2] => 
            [news_publicdate] => 2022-05-18 12:36:46
            [news_type] => 0
            [news_createdate] => 2022-05-18 12:07:12
            [news_picture] => 
        )

    [6] => Array
        (
            [news_lang] => en
            [news_id] => 271515
            [news_title] => Hands joint to act for occupational safety and health
            [newcate_code1] => society
            [newcate_code2] => 
            [news_publicdate] => 2022-05-18 12:36:46
            [news_type] => 0
            [news_createdate] => 2022-05-18 10:17:23
            [news_picture] => 1652843843.jpg
        )

    [7] => Array
        (
            [news_lang] => en
            [news_id] => 271497
            [news_title] => The 7th Congress of the Association for the Protection of People with Disabilities, Orphans and Poor Patients in the province
            [newcate_code1] => society
            [newcate_code2] => 
            [news_publicdate] => 2022-05-18 12:36:46
            [news_type] => 0
            [news_createdate] => 2022-05-18 08:51:52
            [news_picture] => 1652838711.jpg
        )

)
Array
(
    [0] => Array
        (
            [news_lang] => en
            [news_id] => 263550
            [news_title] => Taking care of employees on Tet despite difficulties
            [newcate_code1] => society
            [newcate_code2] => 
            [news_publicdate] => 2022-01-13 11:44:23
            [news_createdate] => 2022-01-13 11:43:10
            [news_picture] => 1642048990.jpg
        )

    [1] => Array
        (
            [news_lang] => en
            [news_id] => 263549
            [news_title] => Sharing Tet, warm spring
            [newcate_code1] => society
            [newcate_code2] => 
            [news_publicdate] => 2022-01-13 11:44:23
            [news_createdate] => 2022-01-13 11:38:25
            [news_picture] => 
        )

    [2] => Array
        (
            [news_lang] => en
            [news_id] => 263478
            [news_title] => Setting up battle against Omicron
            [newcate_code1] => society
            [newcate_code2] => 
            [news_publicdate] => 2022-01-12 12:18:51
            [news_createdate] => 2022-01-12 12:17:41
            [news_picture] => 1641964660.jpg
        )

)
DOANH NGHIỆP - THƯƠNG HIỆU
Quay lên trên