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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, KAS Vietnam co-operated with Vietnam Institute for Economic and Policy Research 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 outcome of this research is a 30-page report reviewing and assessing (1) new developments of the world economy 2021 and global outlook for 2022; (2) prospects of economic recovery in Vietnam in 2022; (3) different economic stimulus programmes; (4) Vietnam’s economy in 2021 and early 2022; (5) outlook for Vietnam’s economic recovery in 2022.
The full report (Vietnamese only) can be downloaded here.