Vietnam eyes GDP growth of 6-6.5 pct in 2022: top legislature

Vietnam will target a gross domestic product (GDP) growth of between 6 and 6.5 percent in 2022, the country’s top legislature said.

The target, as part of the socio-economic development plan for 2022, was approved on Friday by the 15th National Assembly (NA) of Vietnam, the country’s top legislature, during its second session of its 15th tenure.

Under the plan, Vietnam will also strive to curb its consumer price index (CPI) growth to around 4 percent and post GDP per capita at some 3,900 U.S. dollars, Vietnam News Agency reported.

Overall, the country is set to effectively control the COVID-19 epidemic, while safely and flexibly adapting to it in 2022. Vietnam will also take advantage of every opportunity to promote socio-economic recovery and development across the country and maintain growth drivers in the long term, the NA said on its website.

Vietnam posted a modest GDP growth of just 1.42 percent in the first nine months of this year due to severe impacts of the COVID-19 pandemic, according to its General Statistics Office.

In a report released late in September, the World Bank forecast that Vietnam’s economy would grow by 4.8 percent in 2021 before recovering to the pre-pandemic rate of 6.5 to 7 percent from 2022 onward.