The World Economic Outlook Report predicts that Vietnam’s economy may grow by 6.5% in 2022
International Business News The recently released “World Economic Outlook Report” stated that due to many negative external influences, the prospects for economic recovery in Southeast Asia are unclear. But the average growth rate in Southeast Asia is expected to be around 5.8% in 2022. According to forecasts, Vietnam will become the country with the highest growth rate in the region, with a growth rate of more than 6.5% in 2022.
The report also pointed out that the economies of Southeast Asian countries have different recovery rates due to the impact of the delta virus. The economies of Singapore, Indonesia, Malaysia and Vietnam have all recovered to pre-pandemic levels, with the exception of Thailand, which is still 2% below the pre-pandemic growth rate.
Vietnam eases epidemic prevention restrictions from the fourth quarter of 2021 and restarts domestic tourism from the first quarter of 2022. Vietnam’s tourism and service industries have benefited a lot from this and have shown a steady and positive trend. FDI inflows into Vietnam this year will be concentrated in sectors such as construction and human resources, and exports will continue to boom. In addition, Vietnam will continue to take measures to maintain the momentum of export growth.