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Vietnam’s economy is recovering

Vietnam, economía, recuperación

Vietnam’s economy is recovering

Hanoi, Mar 30 (Prensa Latina) Vietnam's economy has grown just over 5.0 percent from January to March, and has seemingly overcome its worst moment amid the Covid-19 pandemic, the General Statistics Office reported on Tuesday.
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According to the director of this institution, Nguyen Thi Huong, several sectors have significantly improved and others are showing signs of recovery amid the relaxation of measures against the disease.

Agriculture, forestry and aquaculture have contributed the most to the GDP, with 11 percent of the total, but the manufacturing industry, construction, services, exports and tourism have also had an impact on it.

A recent survey by the consulting firm Vietnam Report revealed that 83 percent of the 500 fastest-growing companies in Vietnam are optimist about the economic prospects for this year.

Most of these companies, the so-called FAST500, said that they are confident that the government will continue stabilizing the macroeconomy by keeping inflation under control, increasing business promotion, launching new support packages and speeding up public administrative reforms.

Meanwhile, several international organizations forecast that in 2022, Vietnam’s GDP will grow from 5.5 to 6.7 percent due to the flexible response to the pandemic and a better global scenario.

In the decade prior to the outbreak of the Covid-19 pandemic, Vietnam’s economy grew at a rate higher than 6 percent, but it only grew 2.91 percent in 2020 and 2.58 percent in 2021.


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