Vietnam Today

According to Minister of Planning and Investment Nguyen Chi Dung, the collective economy has developed over the past 20 years in terms of quality and quantity but its contribution to GDP has continuously fallen, from 8 per cent in 2001 to 3.62 per cent in 2020. Solutions are therefore needed to develop the economy in a sustainable manner, including strengthening international cooperation.

According to a report from HSBC, Vietnam’s inflation rate will increase to 3 per cent in 2022, up from its previous forecast of 2.7 per cent, but will not present a significant risk to the economy. Vietnam’s macroeconomy will improve this year. Retail sales rose 1.3 per cent year-on-year in January.

The Civil Aviation Authority of Vietnam (CAAV) has sent documents to the Vietnam Air Traffic Management Corporation to issue an official aviation notice to aviation authorities in foreign countries regarding Vietnam reopening all regular international flights starting from February 15, with no limitations on flight numbers. International routes to new destinations such as the Middle East and Turkey will also be introduced in the time to come.

Deputy Prime Minister and Head of the Price Management Steering Committee Le Minh Khai has asked nine ministries and sectors to closely monitor movements in supply and demand and price fluctuations in order to promptly respond and control inflation.

Vietnam aims to attract 8-9 million international visitors and cater to 65-70 million domestic tourists in the 2022-2023 period, with total revenue expected to reach VND400-VND450 trillion ($17.6-$19.8 billion). The country will focus on developing unique tourism products in each locality and region.

In a draft government resolution to build 729 km of the Eastern North-South Expressway in the second phase, the Ministry of Transport (MoT) proposed a series of specific mechanisms to shorten the timeframe and ensure that construction of 12 component projects gets underway before December 31. The project will be basically completed in 2025 and put into operation from 2026.