Pandemic Vietnam

The Government’s support is essential for businesses to speed up the recovery and thrive in the post-pandemic period.

This year, Fitch expects Vietnam’s GDP growth to accelerate to 6.1% in 2022 and 6.3% in 2023 from 2.6% in 2021.

The Government is in a process of setting up an investment portfolio to be included in a public investment scheme, which is expected to complete this month.

While the economic growth was a decade low, it remains a positive performance given the context in which the Government was facing a challenging task of both containing the pandemic and boosting growth.

2022 would remain to be a favorable year for trade, especially as enterprises have improved their resilience and several economic sectors continue to benefit from CPTPP, EVFTA, and RCEP.

The local economy should have had expanded by over 7% in the 2020-2021 period, but instead, it settled at 2.91% in 2020 and would achieve an estimated 2.5% this year.