Economic Rebound

Vietnam is in a better vaccine position to protect itself from imposing another lockdown.

In addition to better harness the effective containment of the Covid-19 pandemic, Hanoi aims to accelerate the economic restructuring process for a strong economic rebound this year.

A GRDP growth target of 7.5% for next year will translate into an income per capita of VND135 million (US$5,800), significantly higher than the national average of US$3,700 for a growth forecast of 6%.

Despite high economic openness and growing global uncertainties, Vietnam’s economy still maintains its resilience and is on track for a V-shaped recovery, stated economist Nguyen Minh Phong.

Vietnam should be prepared for a new wave of FDI inflows after the Covid-19 medical issue is resolved, which could be in around one year from now, said CEO of VinaCapital Don Lam.