Inflation will rise, but will still be lower than the ceiling set by the State Bank of Vietnam of 4 percent, the news agency cited Resident Representative of the IMF for Vietnam Francois Painchaud as saying.
Vietnam has issued macro-economic and fiscal policies to support households and businesses affected by COVID-19, but the recovery has been unbalanced as it was mainly driven by the processing and manufacturing sector and export since pandemic restrictions were relaxed, he said at a forum on the forecast of Vietnam's economy from 2022 to 2023 on Thursday.
Vietnam recorded year-on-year GDP increases of 2.58 percent in 2021 and 5.03 percent in the first quarter of 2022, according to the country's General Statistics Office.
Latest comments