Vietnam’s GDP growth is expected to rebound to 7.0 percent in 2022 on the back of strong external demand, a recovery in domestic demand and strong FDI inflows. Key external risks stem from global supply chain disruptions, flare-ups in more vaccine-resistant COVID-19 variants, tightening global financial conditions, China’s economic slowdown, and elevated global oil prices. Macroeconomic policies should strike a balance between supporting the recovery and providing targeted assistance to vulnerable sections of the economy, while containing inflationary pressures.

This is according to the 2022 Annual Consultation Report on Vietnam published by the ASEAN+3 Macroeconomic Research Office (AMRO). The report was produced based on AMRO’s 2022 Annual Consultation Visit and data and information available up to June 30, 2022.