Vietnam's manufacturing output growth quickens to nine-month high
Firms are increasingly confident about the year-ahead outlook.
Firms are increasingly confident about the year-ahead outlook.
Despite the risk of Omicron, Vietnam’s economy is expected to rebound strongly with a GDP growth of 6.5% this year from a modest of 2.58% in 2021.
The Ministry of Planning and Investment is tasked with finalizing a Government’s resolution to soon put the recovery program into action.
Last October, Vietnam’s Government pivoted from a “Zero Covid” approach to a “Living with Covid” approach, which drove a reopening boom.
The economy faced severe consequences from the pandemic posting a modest 2.58% GDP growth in 2021. Drastic measures, therefore, are required to ensure the economy’s speedy recovery.
Timing is essential for support programs to be effective.
The Vietnamese Government sees Samsung as a successful investment model in Vietnam.
Last year, Vietnam’s disbursed amount of public funds stood at 77.3% of the year’s estimate, lower than in the same period of the previous year when 82.66% of the year’s allocations were disbursed.
Risks of further congestion remain due to uncertainties surrounding the Covid-19 situation and limited loading capabilities from both sides.
Locals in the North and South of Hanoi could enjoy two large-scale shopping mall projects of Lotte Mall Hanoi and Aeon Mall Hoang Mai, which will come into operation in the 2023-2024 period.