The Vietnam Economic Review 2021 is released during a seminar in Hanoi on April 25, 2022. (Photo: saigondautu.com.vn)

According to the annual publication, the Vietnamese economy is anticipated to encounter numerous difficulties this year due to new virus strains, escalating global political instability, and a hike in oil prices.

However, the new bailout package for economic recovery could potentially help Vietnam reach the target of 6.5% as expected.

The prime driving force behind economic growth is expected to come from the external economic sector which will make a great contribution to the production of processed products and export items.

Furthermore, the service industry has a chance to strongly recover this year due to the reopening of the national economy, which will play a crucial role in fulfilling the annual target.