Sputnik: experts upbeat about Vietnam’s economic growth 2022
The World Bank, Asian Development Bank, VNDIRECT Securities Corporation, experts and investors are optimistic about Vietnam’s economic growth prospect next year thanks to drivers such as exports, domestic consumption, foreign direction investment attraction, timely and effective policies by the Government, according to an article recently published by Russia’s Sputnik.
Hanoi (VNA) – The World Bank, Asian Development Bank, VNDIRECT Securities Corporation, experts and investors are optimistic about Vietnam’s economic growth prospect next year thanks to drivers such as exports, domestic consumption, foreign direction investment attraction, timely and effective policies by the Government, according to an article recently published by Russia’s Sputnik.
The article said with high vaccination rate in late 2021, the Vietnamese economy has rebounded strongly with positive signals.
Preliminary data by the General Statistic Office, the General Department of Vietnam Customs and the Ministry of Industry and Trade showed that as of December 15, Vietnam’s total export-import value was estimated at a record 633.22 bi🌃llion USD, up 22.9 percent annually, making Viet🌟nam a trade surplus country for six consecutive years and one of the 20 leading economies worldwide in terms of global trade. Its export is forecast to continue to be a major driver of economic growth next year.
(Illustrative photo: VNA)
While Delta and Omicron variants are hitting countries globally, Vietnam still maintained a positive growth of over 2 percent, it said.
The article quoted ADB Country Director in Vietnam Andrew Jeffries as saying that as Asia will witness a remarkable export recovery next year, Vietnam needs to make the best use of this opportunity, apart from 15 signed free trade agreements, to boost exports.
About the economic growth target of 6-6.5 percent next year, WB’s chief economist in Vietnam Jacques Morisset believed that Vietnam could achieve this goal tha🥀t if it could put the pandemic under control and improve supply-demand balance.
(Photo: VNA)
According to him, Vietnam could increase State budget expenditure by resuming public investment programmes and increasing support for those hit by the pandemic on the back of its high cash reserve.
He also suggested loosening fiscal policyꦇ and reducing taxes to step up spending./.
The economy of the Asia Pacific Economic Cooperation (APEC) region is forecast to grow by 6 percent this year and will settle at 4.9 percent in 2022, in anticipation of the unwinding of fiscal and monetary support measures, says a newly published report on economic trends in the Asia-Pacific.
Vietnam’s economy should get back to GDP growth of 6.8 percent next year, which will be driven by a return of strong foreign direct investment (FDI) into the market, mainly focusing on the manufacturing sector, CEO of HSBC Vietnam Tim Evans has said.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative image (Photo: VNA) 
(Illustrative photo: VNA) 
(Photo: VNA) 
