In accordance with a report issued by World Bank, GDP of Vietnam is expected to rebound to 5.5 percent growth in 2022 in a scenario where the pandemic is under relative control both at home and abroad. The rebound of the economy will be supported by a more accommodating fiscal policy, at least in the first part of 2022.
1. Vietnam Business Operations and the Coronavirus: Updates
This article will be updated as further developments in Vietnam become available.
2. Vietnam maintains trade surplus for sixth consecutive year despite COVID-19 impact
With a total export-import turnover of some US$670 billion in 2021, Vietnam has enjoyed a trade surplus for the sixth consecutive year and become one of the economies with the biggest international trade revenue worldwide despite COVID-19 impacts, a meeting was told.
This image shows workers preparing catfish for export at an enterprise in Can Tho City, Vietnam, Photo: Chi Quoc / Tuoi Tre3. Value-added tax to be cut to 8 pct from February
A draft government decree reduces value-added tax on many products and services from the current 10 percent to 8 percent from Feb. 1.
4. Coca-Cola invests 136-million-USD factory in Long An
The Long An Economic Zone management board has granted an investment license to Coca-Cola Beverages Vietnam Co., Ltd to implement a soft drink plant project in in the southern province of Long An.
5. Scale-up seen in key foreign ventures
Vietnam has remained as a bright spot in large-scale investment attraction thanks to drastic actions in pandemic prevention and the selection of foreign-invested partners.
Many multinational corporations are attracted by Vietnam’s lasting economic and political stability, photo Le Tien
6. Vietnam Airlines resumes regular flights to Europe from Jan 24, to Russia from Jan 29
7. WB offers US$126.9 million to strengthen infrastructure in Mekong Delta
The Government of Vietnam and the World Bank (WB) have signed a financing agreement worth US$126.9 million to improve access to infrastructure and connectivity and reduce flood risks in the urban core of Vinh Long City in the Mekong Delta.
8. Foreign economists: Vietnam has many driving forces for 2022 growth
There are many driving forces for growth for Vietnam in 2022, and the growth target of 6.0 - 6.5 percent for 2022 is quite feasible, according to foreign economists.
9. Funding To Startups in Vietnam Skyrocket
In the past two years, the number of transactions into startups has increased to the highest level in the past five years, reaching 108 investment deals.
10. Work kicks off on US$2.3-billion LNG power center in Quang Tri
Work has been kicked off on the Hai Lang liquefied natural gas (LNG) power center kicked off in Hai An Commune in the central province of Quang Tri’s Hai Lang District.
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