The CIEM has also given a base scenario in which the country’s economy is expected to expand up to 6.7 per cent and inflation will hit the anticipated level of 4 per cent. The exports will go up to 15.8 per cent and trade surplus will reach $1.2 billion.
Many of the factors noted by the CIEM which could impact Vietnam’s economic prospects in the second half of 2022 include the ability to stall the spread of the new COVID-19 variants and other diseases and the implementation of the tasks of the national programme on socio-economic recovery and development and macro-economic stability.
Other aspects, such as the ability to diversify export markets, capitalise on opportunities from free trade agreements Vietnam is signatory to, and handle risks associated with trade and technology confrontation between the world’s superpowers are also pivotal to Vietnam’s economic progress, CIEM said at a workshop held in Hanoi recently.
ALCHEMPro News Desk (NB)
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