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The year 2021 was a challenging year for economic development as well as many businesses operation in Vietnam when they had to maintain production while dealing with disrupted global supply chains. Many difficulties facing local enterprises in 2021 are likely to remain in 2022.

Despites wide vaccination coverage new Covid-19 variants still endanger production and business activities and consequently affect economic growth of Vietnam in 2022, especially the FDI sector and export activities.

Many incentives, economic recovery packages, business-favored policies have been launched to recover the economy. Besides, the Government’s No.2 resolution in 2022, set a target for Vietnam to significantly improve business environment, enhance Vietnam’s position on international competitiveness ranking to keep up with the Fourth Industrial Revolution and increase the resilience of the economy in the new normal. It is expected that the number of new businesses will be increased, the number of bankrupt and dissolved enterprises will be reduced and so does the input costs.

With an aim of evaluating the effectiveness of the Government’s resolution and economic recovery packages, VEPR proposes to implement a policy review comprising a comprehensive report analyzing the effectiveness of the government’s economic stimulants for the Covid-hit enterprises and policy recommendation.  The Report will be about 25 pages with focus on the following issues (but may not be limited to):

• Reviewing the economy in 2021
• Analyzing growth engines in 2022
• Examining the allocation of stimulus package and the targeted sectors
• Analysing other policies aiming to support the businesses hit hard by the Covid-19
• The remaining challenges for economic recovery in 2022
• This will be an independent assessment and discussion of the macro policies for economic recovery and development perspectives for 2022 and further. This is believed to be an important information source for policy makers to prepare for the upcoming challenges.
• Based on the preliminary research, a policy dialogue with economic experts will discuss macroeconomic policy implications for Vietnam.