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National Assembly sets GDP growth target of 6-6.5% for 2022

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(VOVWORLD) - Vietnam’s GDP is set to grow 6%-6.5% next year, according to the Resolution on Socio-Economic Development Plan for 2022 approved overwhelmingly by the National Assembly on Friday.

National Assembly sets GDP growth target of 6-6.5% for 2022 - ảnh 1(Illustrative photo: quochoi.vn)

A report of the NA Standing Committee said the GDP growth target for 2022 is based on analysis of the domestic and international situation, taking into account advantages and disadvantages of 2021 in the wake of low growth (about 2%), and the orientations, goals and tasks of the five-year socio-economic development plan.

The National Assembly resolution projected GDP per capita next year to reach 3,900 USD, processing - manufacturing industry to account for 25.5-25.8% of GDP, the CPI to grow 4%, and average labor productivity growth rate to be 5.5%.

On the same day, the National Assembly deputies approved the Resolution on Economic Restructuring Plan for 2021-2025, which aims to have 1.5 million enterprises by 2025, of which there will be 60,000 to 70,000 medium and large enterprises. Digital economy is set to account for 20% of GDP; and State budget overspending rate in the 2021-2025 period to average 3.7% of GDP.

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