13.05.2022, 17:40

Vietnam’s economy expected to grow six percent this year

Vietnam’s gross domestic product (GDP) is projected to grow by 6 percent in 2022, Francois Painchaud, the Resident Representative of the IMF for Vietnam said at a forum on the forecast of Vietnam’s economy from 2022 to 2023 on Thursday.

Inflation will rise, but will still be lower than the ceiling set by the State Bank of Vietnam of 4 percent, the Market Insider cited the International Monetary Fund’s expert.

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According to IMF, the SE Asian country has issued macro-economic and fiscal policies to support households and businesses affected by Covid-19, but the recovery has been unbalanced as it was mainly driven by the processing and manufacturing sector and export since pandemic restrictions were relaxed.

The data from country’s General Statistics Office showed, Vietnam recorded year-on-year GDP increases of 2.58 per cent in 2021 and 5.03 percent in the first quarter of 2022.

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