2021 Vietnam Annual Economic Report is launched (Photo: VNA)

The report analyses Vietnam’s competitive edge based on its advantages and engagement in the global supply chain.

It also touches on the adverse impacts of COVID-19 to the global economy and Vietnam.

This year, exports and public investment are projected to become a driving force for the Vietnamese economy.

Based on results obtained in the first six months and the complexities of the pandemic, the VEPR believes that the economic growth in the remaining months will depend on efforts in COVID-19 prevention and control, vaccination speed and scale, and efficiency of support packages, among others. The institute also put forward growth scenarios for the remaining months.

If the pandemic is brought under control in late this third quarter and Vietnam reaches herd immunity in the second quarter of 2022, and the economic growth is projected at 4.5 – 5.1 percent.

In other scenario, the pandemic is controlled in next month and herd immunity is reached by Q1 2022, the national economy may expand between 5.4 percent and 6.1 percent.

If economic activities will not be able to resume by the fourth quarter of this year, Vietnam may see an economic growth rate of 3.5-4 percent.