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TOP 10 OUTSTANDING SOCIO-ECONOMIC MILESTONES IN VIETNAM IN 2021
BUSINESS REPORT

DELTA VARIANT COMPLETELY CHANGES ANTI-PANDEMIC SITUATION IN VIETNAM

The fourth outbreak of Covid-19 in Vietnam porarily suspended production and business
4 production and business activities, and 15
was fierce and extremely dangerous, with
activities, 16 per cent were trying to maintain
the Delta variant having severe conse-
per cent had dissolved or ceased business
quences in terms of people’s lives and
socio-economic conditions throughout the
activities pending dissolution. Faced with
this situation, the Party and the State
country, especially in Ho Chi Minh City
and southern provinces. More than 32,000
pandemic. Its Covid-19 vaccine strategy
people have died and the economy lost adopted resolute measures to control the
VND346 trillion ($15.1 billion) as a result. included establishing a vaccine fund, con-
According to an online survey on the finan- ducting vaccine diplomacy, researching
cial health of businesses in the context of and producing vaccines in the country, and
Covid-19, conducted by the Research Board organizing a national campaign of free vac-
for Private Economic Development (Board cinations on an unprecedented scale. For overcome the difficulties. In particular, the
IV of the Advisory Council for the Reform the first time, a series of social security government issued Resolution No. 128/NQ-
of Administrative Procedures of the Prime policies were implemented, supporting CP on October 11, on the “safe and flexible
Minister), among 21,517 respondent enter- businesses and helping workers, vulnerable adaptation to and effective control over
prises, 69 per cent in difficulties had tem- people, and those in pandemic areas to the Covid-19 pandemic”.

INVESTOR CONFIDENCE INCREASING DESPITE COVID-19

ment Agency. Despite Covid-19, FDI in fidence among foreign investors continued
5
Vietnam rose 9.2 per cent compared to to be strengthened after Prime Minister
2020. According to economists, in the Pham Minh Chinh co-chaired the WEF’s
context of restrictions on entry and the Country Strategy Dialogue on Vietnam 2021
long-term isolation policy, which slowed on October 29, for the first time via video-
the arrival of delegations of analysts and conference, with the theme “Public-Private
project development teams to Vietnam to Partnerships - The Key Driver for Compre-
survey and complete investment procedures, hensive Recovery and Sustainable, Resilient
caused disruptions to supply chains, limited and Innovative Growth”. The message Prime
the movement of workers in industrial Minister Chinh passed on at the forum
Total new, additional, and paid-in capital zones, and affected investor psychology, the about Vietnam’s development aspirations,
for share purchases by foreign investors results were quite positive. This proves that plans, and goals received a positive response

had reached $31.15 billion as of December Vietnam continues to be an attractive invest- from WEF leaders and the global business

20, according to the MPI’s Foreign Invest- ment destination for foreign investors. Con- community.

VN-INDEX HITS NEW RECORD
Vietnam’s GDP came in at -6.17 per cent in accounts opened, of which the vast majority
6 accounts stands at 4.03 million, equivalent 1,500
the third quarter of 2021 - the sharpest (1.3 million) belonged to domestic individual VN-INDEX, DECEMBER 31, 2020,

quarterly decline on record - but the stock investors. The total number of individual TO DECEMBER 28, 2021

market hit a record in April of 1,200 points.
1,400
After reaching its historic peak, the market
to more than 4.1 per cent of the population.
The stock market has become an attractive
1,300
then continued to grow and soon hit 1,500
points. The driving force behind the result
2
was an unprecedented surge of investment investment channel. A new wave of investors 1,200
1,100
has taken the stock market into a new
flows. In the first eleven months of the year, phase, with market transaction size sur- 1,000 4/2/2021 1/3/2021 2/4/2021 8/7/2021 3/8/2021

there were over 1.31 million new investment passing the billion-dollar threshold. 31/12/2020 11/1/2021 19/1/2021 27/1/2021 19/2/2021 9/3/2021 17/3/2021 25/3/2021 12/4/2021 20/4/2021 29/4/2021 11/5/2201 19/5/2021 27/5/2021 4/6/2021 14/6/2021 22/6/2021 30/6/2021 16/7/2021 26/7/2021 11/8/2021 19/8/2021 27/8/2021 8/9/2021 16/9/2021 24/9/2021 4/10/2021 12/10/2021 20/10/2021 28/10/2021 5/11/2021 15/11/2021 23/11/2021 1

PRIME MINISTER APPROVES E-GOVERNMENT DEVELOPMENT STRATEGY TOWARDS A DIGITAL GOVERNMENT BY 2025

On June 15, the government promulgated

VIETNAM’S E-GOVERNMENT DEVELOPMENT INDEX (EGDI)
the Prime Minister’s Decision No. 942/QD-
Vietnam World average 0.6667 TTg approving the e-government develop-

0.5931 0.5988 ment strategy towards a digital government
0.5217 0.5143 0.4922 0.5491
0.4451 0.4199 0.4882 0.4705 0.4712 in the 2021-2025 period with a vision to
2030. This is an important turning point
in digital transformation in general and

the development of digital government in
90/193 83/193 99/193 89/193 88/193 86/193
particular in Vietnam. The strategy intro-
duces the concept of digital government
2010 2012 2014 2016 2018 2020 for the first time. Targets towards 2025
Source: https://publicadministration.un.org include at least 80 per cent of administrative
4 | VIETNAM ECONOMIC TIMES | JANUARY 2022 www.en.vneconomy.vn