Vietnam is confident that the economy will recover from Covid-19 Exports are expected to grow by more than 10% this year and the domestic inflation rate is expected to stay below 4% year-on-year.
Vietnam is confident that the economy will recover from Covid-19 Exports are expected to grow by more than 10% this year and the domestic inflation rate is expected to stay below 4% year-on-year.
“Pham Min Jin” Prime MinisterVietnamVietnam’s export sales in 2021 are expected to increase by 10.7% and is expected toinflationdomestically, it is below 4% year-on-year.
The Prime Minister of Vietnam said at the National Assembly today that Vietnam, which remains one of the fastest growing economies in Asia, has been heavily affected by the epidemic of COVID-19, which has resulted insupply chaindisruption and affecting workers in the country’s major industries
In the third quarter of this year, the gross domestic product (GDP) of Vietnam, contracted 6.17 percent year-on-year. due to the impact of covid control measures The third-quarter GDP contracted the most on record, but Fam expects Vietnam’s GDP will grow between 6.0 percent to 6.5 percent next year, while the government aims to curb inflation at 4%.
“Although the goal for 2022 is a difficult task, But we believe that we will be able to restore the economy to expand again. Although the spread of COVID-19 This may cause macroeconomic stability to be at risk.” Pham said
Although Vietnam can control the spread of COVID-19 until May of this year. But the rapid spread ofDelta speciesinHo Chi Minh CityAs a result, the government announced measures to control travel and trade. This affects neighboring provinces that are manufacturing bases in Vietnam.
Earlier, the Vietnamese government revealed through its website that Tens of thousands of Vietnamese workers have evacuated many industrial zones affected by the coronavirus. such as Ho Chi Minh City and Binh Dong, Dong Nai and Long An after the government relaxed travel restrictions on Oct. 1. And it is expected that millions of more workers will follow.
The exodus comes at a time when industry leaders have warned of a labor shortage that could affect global supply chains. After the Vietnamese government ordered factories in industrial estates in the south of the country to provide shelter for workers or temporarily shut down their operations.
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