National Assembly Chairman Vuong Dinh Hue speaks at the Forum. (Photo: Doan Tan/VNA)

Stock, financial, monetary, real estate, goods and service markets are the lifeblood of the economy, Mr. Hue said, adding that it is essential to continue to improve institutions, free up resources, and open up all kinds of markets.

Themed “Reinforcing macro-economic foundation, promoting sustainable recovery and development”, the Forum brought together 450 delegates, including scientists, diplomats, and business people.

Participants agreed that the world continues to face challenges from the COVID-19 pandemic. Recent conflicts between countries are worsening the problems caused by disrupted supply chains, energy and food price hikes, and stagflation.  

The Ministry of Planning and Investment has made a cautious prediction that Vietnam will likely achieve a growth rate of over 7% and keep inflation below 4% this year. Total trade might also reach 750 billion USD, twice the GDP.