Hopes for improvements in market demand and new orders, alongside confidence that the Covid-19 pandemic will remain under control, supported optimism in production prospects for the coming year.
This year's budget revenue could exceed the target of VND1,410 trillion ($59 billion).
Evidence over the past year confirmed that the pandemic had a regressive effect on gender equality.
The Government should remain vigilant about inflation risks associated with rising prices of fuels and imports, which may dampen the ongoing recovery of domestic demand.
Since 2020, Vietnam has faced four outbreaks of Covid-19, for which the government has mobilized resources to help businesses and people overcome the impacts of the pandemic.
Vietnam currently ranks 14th among 121 countries and territories worldwide in terms of infection management, vaccine rollouts, and social mobility, from the last place in 2021.
The result is thanks to the cooperation between Vietnamese Government agencies and partners from other countries.
Vietnam’s quick vaccination campaign has minimized fatalities, enabling the country to conduct recovery plans since October 2021.
The memorandum of understanding signed between Hanoi and Vientiane would serve as the legal framework for cooperation between the two cities in the 2022-2025 period.
In the medium term, Vietnam’s vision to become an upper-middle-income economy will depend on its ability to evolve from its current growth model to productivity and innovation-led growth model.