Vietnam still sees optimistic economic outlook in 2022: scholar
Vietnam's economy has slowed down due to the prolonged impacts of the COVID-19 pandemic, but there are still many optimistic forecasts about the country’s economic outlook in 2022, Dr Tran Thi Hong Minh, Director of the Central Institute for Economic Management (CIEM), told the Vietnam News Agency (VNA).
Hanoi (VNA) - Vietnam's economy has slowed down due to the prolongedimpacts of the COVID-19 pandemic, but there are still many optimistic forecastsabout the country’s economic outlook in 2022, Dr Tran Thi Hong Minh, Directorof the Central Institute for Economic Management (CIEM), told the Vietnam NewsAgency (VNA).
Minh called attention toa number of factors that will affect the Vietnamese economy in 2022, including the capacityto control the pandemic, the capacity to ensure production recovery, and thecapacity to keep pace with the implementation of an extensive programme oneconomic recovery and development until 2023.
This programme not only helps remove difficulties andcreates motivation in the short term, but also ensures macroeconomic stabilityand lays the foundation for stronger economic institutional reforms in the next3-5 years, she added.
However, in order to achieve firm economic recovery in 2022,Minh stressed the need to continue giving priority to effectively preventing andcontrolling the COVID-19 pandemic, along with speeding up the vaccination process.
Dr Tran Thi Hong Minh, Director of the Central Institute for Economic Management (Photo: VNA)
She proposed building and implementing early a master programmeon economic recovery and development during and after the pandemic in threephases as specified in research outcomes announced by the CIEM earlier this year.
Accordingly, the first phase will last until thefirst quarter of 2022, during which priority will be given to pandemicprevention and control in combination with macro-economic policies to helpbusinesses survive the difficult situation.
The second phase will last through2023, during which macroeconomic policies should be relaxed to stimulate demandfor the economy and create momentum for businesses.
In the third phase in theyears after 2023, macroeconomic policies will be normalised, the macroeconomicfoundation strengthened and more intensive economic institutional reformpromoted.
Minh also emphasized the importance of applying flexiblemacroeconomic policies in line with scenarios to cope with adverse developmentsof the world and regional economies; diversifying exports; and speeding up theimplementation of support packages for people and businesses./.
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Illustrative image (Source: VNA) 
Dr Tran Thi Hong Minh, Director of the Central Institute for Economic Management (Photo: VNA) 
