It is close to the government’s projected GDP growth of 7% for 2022.

In the best-case scenario, CIEM economists forecast the country’s inflation will average 3.7%, exports grow 16.3% and trade surplus stands around 2.7 billion USD, the report said.

A Hanoi workshop is organised by CIEM on July 15 to launch a report on Vietnam’s economy in the first half of 2022.

The base scenario anticipates the economy to expand 6.7% and inflation to hit the expected level of 4%. Additionally, exports will be likely to rise 15.8% and trade surplus to total 1.2 billion USD.

The CIEM also outlined several factors affecting Vietnam’s economic outlook in the second half of the year, which include the ability to stem the spread of new Covid-19 variants and other diseases, the fulfillment of tasks of the national programme on socio-economic recovery and development, and macro-economic stability.

Other factors, such as the ability to diversify export markets, capitalize on opportunities from free trade agreements Vietnam is signatory to, and handle risks associated with trade and technology confrontation between the world’s superpowers, are also critical to the country’s growth prospect, according to the CIEM.

Nguyen Anh Duong, a senior official from CIEM, sad the most important thing is to keep inflation under control.

CIEM Director Tran Thi Hong Minh said CIEM recommends the government to accelerate reforms while boosting post-pandemic economy recovery, in a bid to ease inflationary pressure and provide more room for enterprises to develop.

Vietnam, Mexico promote economic, trade, investment cooperation

A delegation of 23 Vietnamese entrepreneurs, led by Deputy Minister of Industry and Trade Do Thang Hai, attended the Vietnam-Mexico Business Forum in Mexico City on July 4, aiming to seek cooperation opportunities with the host country’s partners.

Cabinet meeting looks into socio-economic situation

Vietnam reaped significant socio-economic achievements in the first half of this year despite global uncertainties and domestic difficulties, Prime Minister Pham Minh Chinh told an online conference between the Government and localities, and a regular Cabinet meeting on July 4.

Industrial parks, economic zones make important contributions to GDP growth

Vietnam has about 335 industrial parks across the country together with 17 economic zones, which play an important role in investment attraction and State budget collection.

Bac Giang strives to secure top position nationwide in economic growth in last 6 months

(BGO)- The provincial People’s Committee (PPC) of Bac Giang province held a monthly meeting chaired by PPC Chairman Le Anh Duong on June 17.

Driving forces for impressive economic growth

(BGO) - In the first 6 months of this year, the world economic and political situation and the Covid-19 epidemic were complicated and unpredictable. Increased economic risks affected the development of the country as well as the province. However, Bac Giang recorded an estimated GRDP growth rate of 24.03 percent. This is the highest achievement among 63 provinces and cities and also the best result the province has achieved so far.

Source: NDO/VNA