Vietnam’s nominal per capita gross domestic product (GDP) is forecasted to reach $5,259 this year, allowing the country to overtake Indonesia and climb to fifth place in ASEAN, according to the International Monetary Fund’s (IMF) October 2026 World Economic Outlook report.
The Ministry of Finance estimated that the policy would reduce budget revenue by approximately VND6,700 billion (more than $260 million) over two years.
Prime Minister Pham Minh Chinh has assigned the Ministry of Health to prepare an appropriate plan to ensure sufficient booster shots are available to prevent any further spread of Covid-19. Ho Chi Minh City will complete its additional Covid-19 shots before the Lunar New Year holiday in early February.
The national housing development strategy for the 2021-2030 period and vision to 2045 has been approved by Deputy Prime Minister Le Van Thanh, with a target of per capita housing reaching 27 sq m by 2025. The strategy also proposes many solutions for housing development, in capital, taxes, administrative reform, and investment procedures.
The State budget deficit will increase in 2022 because there will be new projects within the economic recovery package, creating a heavy task for the State Treasury in raising capital. It will need to actively develop an implementation plan from the very beginning of the year.
According to Deputy Prime Minister Le Van Thanh, 50 per cent of the post-Covid-19 economic recovery budget will be prioritized for developing transport infrastructure in 2022. The construction of 12 sections of the East North-South Expressway, second phase, must begin next year.
Commenting on a revised draft Land Law, localities still have different opinions on factors relating to the rights and responsibilities of land owner representatives and the responsibility of State management over land, land use planning, land recovery, compensation, and price determination.
Electricity supply and demand was out of balance in some areas during 2021. The Prime Minister has requested that the Ministry of Industry and Trade coordinate with relevant ministries and agencies to identify solutions to ensure national energy security and electricity supply during 2022 and the years to come.