The Vietnamese economy will recover strongly in 2022, starting at the end of the first quarter, said Tim Leelahaphan, Economist for Thailand and Vietnam at Standard Chartered.
The Vietnamese economy will recover strongly in 2022, starting at the end of the first quarter, said Tim Leelahaphan, Economist for Thailand and Vietnam at Standard Chartered, at a seminar held in Hanoi on February 18.
The hybrid “2022 Economic Outlook and Green Finance Policy” seminar, co-organised by the bank and Vietnam’s Ministry of Foreign Affairs, gathered more than 120 officials, diplomats, researchers, businesspeople, and economic experts.
Leelahaphan said Vietnam is expected to grow 6.7 percent in 2022 and 7 percent in 2023, with its medium-term outlook remaining positive. Vietnam will continue to be an important link in the global supply chain and a destination chosen by many businesses, he added.
Investment activity in the country is expected to recover this year after being affected by the COVID-19 epidemic for a period of time, noted the expert.
Michele Wee, Chief Executive Officer at Standard Chartered Bank Vietnam Ltd, said Vietnam’s economy is in the process of recovering.
According to her, in a recent survey conducted by the bank, clients said that Vietnam has a lot of potential for growth and investment attraction, and is playing an increasingly important role in international trade and global supply chain.
Addressing the event, Deputy Minister of Foreign Affairs To Anh Dung assessed that Vietnam is entering a very important stage of development with an expectation that its recovery and growth in 2022 and 2023 will create a strong bounce for the 2021 – 2025 period towards development goals set for 2030 and 2045.
Opportunities and challenges are intertwined, but opportunities are dominant, he stressed.
The Government is drastically accelerating the implementation of a largest-ever programme for socio-economic recovery and growth, the official informed. According to him, the programme includes both short- and long-term solutions to create sustainable development drivers.
The export volume of made-in-Vietnam products has reached new highs and make up more share in the global market, helping set the foundation for the country to become a more attractive manufacturing hub.