At the regular government press conference for September, held on October 1, Minister and Head of the Office of the Government Tran Van Son reported that localities agree that if the pandemic continues to be well controlled then Vietnam’s socio-economic situation will recover and develop impressively.

Third-quarter GDP came in at 13.67 per cent, contributing to 8.83 per cent growth in the first nine months of the year, which is the highest in the period since 2011. Among Vietnam’s 63 cities and provinces, ten posted gross regional domestic product (GRDP) growth of over 11 per cent in the first nine months.

Growth in agriculture, forestry, and fisheries increased 2.99 per cent; in industry and construction 9.63 per cent; and in services 10.57 per cent.
Macro-economic conditions remain stable, with inflation well controlled amid a great deal of pressure, with the average CPI in the nine months increasing 2.73 per cent; equal to the figure in the same period during 2018 to 2021.

Social investment capital reached over VND2.1 quadrillion ($87 billion), up 12.5 per cent year-on-year. Disbursed FDI capital was $15.4 billion, the highest for five years and up 16.2 per cent year-on-year.

Mr. Son said international organizations have all made positive assessments about Vietnam’s socio-economic situation and are optimistic about the country’s economic growth in 2022 and 2023. Moody’s, the WB, the IMF, and the ADB have forecast growth this year of 8.5 per cent, 7.2 per cent, 7 per cent, and 6.5 per cent, respectively, and it will likely be one of the highest in Southeast Asia.

He also said that the Prime Minister has directed many core plans that focus on promoting the socio-economic recovery plan, securing social wellness for the people, ensuring monetary safety and being effective with fiscal policies, pushing the disbursement of public investment capital, and boosting market growth.