On the morning of April
25, 2022, National Economics University held a National Scientific Conference: Vietnam’s
Economic Overview 2021 and Outlook for 2022: "Stabilizing Macro-economy in
the context of Covid-19".
Attending the workshop,
there were Dr. Nguyen Duc Hien - Deputy Head of the Central Economic
Commission; Mr. Vu Tien Loc - Chairman of Vietnam Center for International
Finance; Mr. Aedan Puleston - Second Secretary, Australian Embassy; Ms.
Meredith Metzler - Economic Department, US Embassy; Mr. Po Hsun Tai -
Secretary, Economic Department, Taipei Economic and Cultural Office in Vietnam;
Ms. Sone Chan - Economic and Trade Counselor, Lao Embassy in Hanoi. On the side
of National Economics University, there were Prof. Dr. Pham Hong Chuong - NEU
President; Assoc. Prof. Dr. Bui Duc Tho - Secretary of the Party Committee,
Chairman of the NEU Council; Prof. Dr. Hoang Van Cuong - Vice President; Assoc.
Prof. Dr. Bui Huy Nhuong - President; Prof. Dr. To Trung Thanh - Head of
Scientific Management Department; with leaders of departments, faculties;
domestic and foreign scholars.
The workshop discussed
and clarified the international context and its impacts on Vietnam's economy, and
analyzed the opportunities and challenges for Vietnam’s economy in 2022. From
that, experts proposed policy recommendations in economic management in 2022 in
order to stabilize the macro-economy and be financially sound in the context of
the Covid-19 pandemic.
Assoc. Prof. Dr. To
Trung Thanh - Head of the Department of Scientific Management, National
Economics University said that the economic growth in 2021 declined sharply to
2.58%, the lowest in the last 2 decades. The main cause was the severe
recession in the third quarter with the spread of the Delta mutation,
which almost nullified the government's efforts to prevent the disease. In
addition, policies are still ineffective and inconsistent in many
regions.
Mr. Francois Painchaud
said that over the past time, Vietnam has carried out fiscal policies, external
relations, and financial stability. The program of socio-economic recovery and
development was promptly implemented to create a driving force for economic
recovery.
However, the Vietnamese
economy is also affected by a number of factors, in which the impact of the
conflict in Ukraine on Vietnam caused the limitation of direct trade and
financial connections. On the other hand, with the accelerated implementation
of the Socio-economic Development and Recovery Program, Vietnam's economy is
forecasted to continue to recover strongly; Inflation is expected to pick up in
the short term.
According to experts, with
the new support package to recover the economy, Vietnam's economic growth can
reach the target of 6-6,5%. However, instability risks still exist due to
complicated developments of the Covid-19 pandemic, the escalation of world
political instability, and the increase in oil prices.
Regarding social security,
the social security packages for the affected people need to be continued to
maintain, expand the beneficiaries and focus on the group of workers in the
informal sector