Hai Phong port. (Documentary photo: An Dang/VNA)

In a press release following a recent consultation with Vietnam, the IMF Executive Board said a recovery is underway and high frequency indicators point to stronger momentum going into 2022, with rising retail sales, industrial production, and firm entry. Growth is expected to reach 6% in 2022 and 7.2% in 2023 as normalization continues and the recovery and development program is being implemented.