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07/02/2022, 3:54 PM

Viet Nam's economic achievements in 2021

In 2021, the Covid - 19 pandemic has adverse impact on many fields, including economic sector. In that context, Viet Nam's GDP still marked a growth rate of 2.58 %, comparing to the previous year .

The Government's implementation of Resolution No.128 / NQ - CP dated October 11 , 2021 on " Safely and flexibly adapting , effectively controlling the Covid - 19 pandemic " has brought important results . Remarkably , Viet Nam's GDP in the fourth quarter grew by 5.22 % , marking the recovery of national economy , production and business activities . Through the largest - scale vaccinating campaign in history , by December 31 , 2021 , Vietnam has injected more than 152 million doses of Covid - 19 vaccine , with the coverage rate of at least 1 dose of vaccine is 99.5 % and the rate of fully vaccinated with 02 doses is 90.7 % for the population aged 18 years and over . These efforts help Viet Nam become one of the 6 countries with the highest vaccination coverage rate in the world .

In the context of increasing global macro risks , the stability of Viet Nam's macroeconomic is maintained and consolidated . Viet Nam's inflation rate in 2021 is 0.81 % ( compared to 2.31 % in 2020 ) . Macro - indicators such as interest rates , exchange rates and major balances of the economy are secured while the government more attention to activities relating to social welfares .

Viet Nam's external economy continues to prosper . Import - export turnover in 2021 exceeded $ 668.5 billion , an increasing rate of nearly 23 % over the previous year . This figure helps Viet Nam become one of 20 leading economies in terms of international trade . Exports increased by over 19 % compared to 15 % as planned . China is Viet Nam's largest trading partner with import - export turnover reaching 165.8 billion USD ; followed by the United States ( $ 111.1 billion ) , South Korea ( $ 78 billion ) , ASEAN ( $ 70.2 billion ) , EU ( $ 56.8 billion ) and Japan ( $ 42.6 billion ) . Vietnam continues to be a destination for foreign investment . In 2021 , foreign direct investment continues to recover while newly and adjusted registered capital keeps the upward trend , showing that foreign investors continue to believe in Viet Nam's investment environment . Notably , the total foreign investment capital registered in Viet Nam as of December 20 , 2021 reached 31.15 billion USD , up 9.2 % compared to 2020 , of which the processing and manufacturing industry attracted more than 18 billion USD .

The exploitation and utilization of sustainable growth drivers is properly focused . In October 2021 , the Prime Minister of Viet Nam approved the National Strategy on Green Growth for the period 2021-2030 , with a vision to 2050 with specific goals and solutions on reducing the intensity of greenhouse gas emissions in the world , greening economies and lifestyles , promoting sustainable consumption , improving the quality of life and resistance to climate change . Viet Nam also advocates promoting the development of the digital economy and digital transformation in the process of economic restructuring in association with the transformation of the growth model towards sustainability , with a target that by 2025 , the digital economy will account for 20 % of GDP and the share of the digital economy in each industry and sector reach at least 10 % .

Administrative reform was promoted by the Government through the Resolution on Improving the business environment , enhancing competitiveness and many synchronous solutions . In 2021 , ministries , branches and agencies have cut down and simplified 1,101 business regulations to facilitate the operation of businesses.

Q.Hoa t.h

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