Available data suggest continued recovery of domestic economic activities, with industrial production growing by 8.5 percent year on year and a broad-based improvement in manufacturing despite the surge of new COVID-19 cases

Retail sales grew by an estimated 3.1 percent in February. Sales of consumer services continued to recover, increasing by 5.9 percent, the first expansion since May 2021, as accommodation and catering services sales grew strongly. Sales of goods increased by 2.4 percent.

The WB brief also indicated that FDI commitment slowed while FDI disbursement continued to recover strongly.

Vietnam attracted 2.9 billion USD of FDI commitment in February The disbursement of approved FDI projects increased by 7.9 percent in February, a third month of increase.

The WB also praised Vietnam’s efforts to control inflation despite rising fuel prices.