High inflationary pressure put GDP 6.5% growth target at risk: Gov’t
The Government is committed to taking timely measures to ensure macroeconomic stability.
The Government is committed to taking timely measures to ensure macroeconomic stability.
The Ministry of Planning and Investment is tasked with finalizing a Government’s resolution to soon put the recovery program into action.
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.
The total length of the project is estimated at 729 kilometers, divided into 12 sub-projects, and financed by public funds.
The election of the Vietnam's top legislative body to the Executive Committee of the Asia-Pacific Parliamentary Forum (APPF) shows the high level of trust from parliament members in the country.
The GDP growth is set to expand by 4-4.5% in 2022, along with inflation rates of 3.4-3.7%, or a rise from an estimated 2% rate this year.
Vietnam pursues the GDP growth target of 6-6.5% next year, which would result in a GDP per capita of US$3,900.