Vietnam’s economy to grow 6% in 2022 – IMF

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Demonstrators hold Lebanese flags as they gather during a protest over deteriorating economic situation, in Beirut, Lebanon October 18, 2019. REUTERS/Mohamed Azakir

Vietnam’s Gross Domestic Product (GDP) is projected to grow by six per cent in 2022, the International Monetary Fund (IMF) reported on Friday.
Inflation will rise but will still be lower than the ceiling set of the State Bank of Vietnam of four per cent, Resident Representative of the IMF for Vietnam Francois Painchaud said.
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Painchaud said Vietnam had issued macro-economic and fiscal policies to support households and businesses affected by COVID-19 but the recovery had been unbalanced.
“But it was mainly driven by the processing and manufacturing sector and export since pandemic restrictions were relaxed,” he said.
Vietnam recorded year-on-year GDP increases of 2.58 per cent in 2021 and 5.03 per cent in the first quarter of 2022, according to the country’s General Statistics Office.