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Summary

8 ECONOMY & POLICY

IMF REMAINS OPTIMISTIC ABOUT
VIETNAM’S ECONOMIC GROWTH PROSPECTS

Ms. Anne-Marie Gulde-Wolf, Managing Director of the
International Monetary Fund (IMF) for Asia and the
Pacific, told a that Vietnam’s growth rate in 2022 and
16 COVER STORIES 2023 will increase handily. “We are seeing signs of a strong
economic recovery as Vietnam has had a very successful
SIX GLOBAL TRENDS TO SHAPE vaccination campaign,” she said. “Retail sales, production,
and exports increased and the policy of ‘living with Covid-
VIETNAM’S FUTURE 19’ has had a positive effect.” The IMF forecasts Vietnam’s
economic growth in 2022 at 6 per cent and 7.2 per
Vietnam is recovering strongly post-pandemic and there are signs cent in 2023, as the economy normalizes, and it
that the economy is shifting from survival to growth mode, according sees the recently-approved fiscal support
to HSBC. In order to maximize its potential in the years to come, package as relevant and starting to work.
Vietnam will need to anticipate a series of major global trends forecast Previously, Ms. Era Dabla-Norris
to shape the future of all nations. These include climate change, from the IMF said that more
digitalization, vaccine equity, trade, geopolitics, and inequality and drastic structural reforms are
an inclusive recovery. needed to realize Vietnam’s
aspirations for inclusive
and sustainable growth.
18 COVER STORIES
HCMC WAKES UP AFTER 10 ECONOMY & POLICY

“NIGHTMARE” OF COVID-19 APRIL IIP UP ONLY SLIGHTLY

Ho Chi Minh City’s economy has “revived” following the travails of According to the General Statistics Office (GSO), the Index
Covid-19 and regained its growth momentum. Chairman of the Ho of Industrial Production (IIP) in April is estimated to have
Chi Minh City People’s Committee Phan Van Mai has spoken of five increased 2 per cent against March and 9.4 per cent year-
highlights in the city’s socio-economic situation: continuing to control
the pandemic, organizing a number of major events, holding a on-year. Processing and manufacturing increased 11.3 per
thematic meeting to approve eleven important resolutions on socio- cent year-on-year, electricity production and distribution
economic development, the socio-economic situation continuing to 2.8 per cent, mining 2.3 per cent, and water supply, waste
see good recovery with quality growth, and national defense, security, treatment, and management 0.4 per cent. The IIP is
social order and safety being ensured. Ho Chi Minh City is estimated to have increased 7.5 per cent year-on-year in
determined to focus on economic recovery this year, creating the first four months of the year. Some manufacturing
momentum to boost development in 2023 and subsequent years, industries posted declines, however, such as the
including by placing enterprises at the center of economic growth. production of rubber and plastic products, of 12.9 per cent,
and the repair, maintenance, and installation of machinery
and equipment, of 11.5 per cent.

4 Kinh tế Việt nam | Số 18 | ngày 2/5/2022 www.vneconomy.vn