GDP growth is one of the 14 targets that Vietnam is on track to meet or exceed this year, creating momentum for the subsequent years in the 2021-2025 period, the report noted.

The meeting of the National Assembly Standing Committee to comment on the Government's socio-economic report.

Such positive results are thanks to the Government’s effective implementation of the Covid-19 prevention programme, which has placed the pandemic under control and returned economic activities and people’s lives to normal.

Government revenue for 2022 is predicted to exceed the target by 14.3%, providing room for fiscal policy to support growth and enhance the standard of living.

In its report, the Government also outlined 12 groups of tasks to be implemented in the final months of the year to achieve the highest results possible.

In 2023, the Government will aim for a growth rate of 6.5%, GDP per capita at 4,400 USD and inflation at 4.5%.

Commenting on the Government’s report, Chairman of the National Assembly’s Economic Committee Vu Hong Thanh said the fact that 14 out of 15 socio-economic targets are met and surpassed, including GDP growth of 8%, is an encouraging result amid numerous difficulties within the global economy.

He added that such achievements have affirmed the Party and State’s prompt leadership, the National Assembly’s effective supervision and the Government’s aggressive actions.

The Economic Committee asked the Government to remain consistent in the goal of ensuring macroeconomic stability, pursue a flexible monetary policy, continue to monitor the epidemic closely while taking timely actions and look for new growth opportunities through digital transformation and developing the green economy.

Vietnamese economy requires new momentum from business environment

A business cycle is beginning with a great deal of efforts to overcome the unprecedented difficulties caused by the Covid-19 pandemic. It is now time for enterprises and investors to return to the track, so it is necessary to create an open and conducive business environment to facilitate rapid recovery and growth.

Downtown Saigon street poised to become pedestrian zone boosting nighttime economy

Authorities in District 1 are seeking feedback from local authorities to turn Le Loi, one of the city's busiest areas, into a pedestrian-friendly zone to boost night-time tourism.

Vietnam learns about collective economy models in Israel

A delegation of the Ministry of Planning and Investment paid a visit to Israel from September 4 to 9 to learn experience in developing the collective economy and cooperatives there.

Bac Giang looks at ways to expand tourism potential to build economy

The northern province of Bac Giang is promoting its tourism sector by accelerating tourism-related activities to attract more visitors, said Tran Minh Ha, director of the provincial Department of Culture, Sports and Tourism.

Vietnamese economy to perform well: AMRO

Vietnam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN +3 Regional Economic Outlook.

Source: NDO