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Summary

18 COVER STORY 24 COVER STORY
PRICES HEAD UPWARDS THROUGHOUT 1H SOLUTIONS NEEDED TO AVOID IMPACT

Raw materials, fuel and materials used for production, and FROM HIGH COST OF FUEL
transportation, warehousing, and production costs all increased
in the first half of 2022. Prices of raw materials and fuel and The record increase in domestic gasoline prices has had a
materials used for production rose significantly. The CPI in the severe effect on many industries. There have been many
first half, however, is considered low. ideas floated about supporting industries as well as people
by cutting gasoline and oil taxes or offering direct cash
support, as other countries around the world have done.
However, analysts believe that the key support measure is
to ease gasoline prices.

10 ECONOMY & POLICY 15 OP EDS

VIETNAM’S INDUSTRIALIZATION VIETNAM TO CONTROL INFLATION
STILL DEPENDENT ON FDI

After 35 years of pursuing industrialization and
modernization, Vietnam’s industry has recorded a range of
key achievements. Results, however, have not come from the
domestic business sector. Instead, the main driver of
structural and value transformation in Vietnam’s industry
is from FDI. Many goals in industrialization and
modernization are still to be met and domestic production
is largely dependent on imported materials.

According to analysts, if Vietnam’s economy is brought
into full play, its enterprises make good use of
opportunities from free trade agreements (FTAs) the
country has signed and from major changes in the global
economy, its imports and exports are promoted, and its
tourism and service sectors post strong growth, economic
growth in 2022 could reach 7.8-8.4 per cent with inflation
at just 3.8-4.1 per cent.

4 Kinh tế Việt nam | Số 28 | ngày 11/7/2022 www.vneconomy.vn