Foreign economists: Vietnam has many driving forces for 2022 growth

There are many driving forces for growth for Vietnam in 2022, and the growth target of 6.0 – 6.5 percent for 2022 is quite feasible, according to foreign economists.

In an interview recently granted to the Dau tu (Vietnam Investment Review), lead specialist and group head for the ASEAN+3 Macroeconomic Research Office (AMRO) Luke Hong said Vietnam is a trade-oriented economy so the manufacturing sector will be one of its major drivers of growth.

Provided that Vietnam can curb the pandemic and minimise travelling restrictions, particularly for factories and workers, its manufacturing sector will continue benefiting from a recovery in external demand, resulting in output expansion, even amid the pandemic, he said.

According to Hong, the service sector is another key to achieving a 6-6.5 percent growth this year.