August 16, 2022

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Single title – Foundation Office Vietnam

2 min read

Along with “Doi Moi”, world wide integration and international financial cooperation are among the the principal driving forces guiding Vietnam’s achievements in poverty reduction and economic improvement. Vietnam’s substantial and increasing interconnection with other economies, via trade and investment decision, has been contributed tremendously to the country’s economic advancement on a person hand, but also accompanied by a sizeable stage of pitfalls and uncertainties in the international marketplaces on the other hand. In the course of the current a long time, the continued resurgence of the Covid-19 pandemic has introduced about substantial modifications to all facets of the economic system, which includes slower development and economic downturn, trade and tourism declination, commodity marketplaces shocked in conditions of provide and desire. Public debt and the spending budget deficit increased as nations all around the earth experienced to launch financial help deals.

In 2021, despites Government’s effort in salvaging the economic climate amid the Covid-19 pandemic with verified effects, the financial system nevertheless endured a sharp declination of progress level – the cheapest degree in numerous years. The recovery path forward is thought to be bumpy. Versus this qualifications, a thorough evaluation and assessment of the worldwide economic scenario and other countries’ coverage responses in 2021 and outlook for 2022 would provide beneficial inputs for coverage-makers to attract lessons, produce approaches, and design suitable insurance policies for Vietnam to improved get ready, reply and navigate by the uncertainties and difficulties.

With an aim of providing an overview of the planet economic problem in 2021, attract lesson figured out for Vietnam as nicely as policy implication, KAS Vietnam co-operated with Vietnam Institute for Economic and Coverage Analysis to employ an in-depth analysis to (1) review and summarize details and data from reputable resources to develop in-depth investigation and complete report on the global economic scenario in 2021 and forecast for 2022 (2) examine and examine main developments and enhancement in global trade, tourism, fiscal and monetary markets, commodity marketplaces, community personal debt, spending plan deficits, and big economic supporting insurance policies (3) recognize policy implications and tips for Vietnam

 

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