The development of a free trade zone in Ba Ria-Vung Tau with link to local seaports is expected to provide the southern province with opportunities to increase its attractiveness to foreign investors and to access technical assistance from partners in borderless trade.

The economic restructuring plan for the 2021-2025 period, approved by the 15th National Assembly during its second session on November 12, will focus on stepping up digital transformation and innovations, Director of the Central Institute for Economic Management (CIEM) Tran Thi Hong Minh has said.

Vietnam's economy has slowed down due to the prolonged impacts of the COVID-19 pandemic, but there are still many optimistic forecasts about the country’s economic outlook in 2022, Dr Tran Thi Hong Minh, Director of the Central Institute for Economic Management (CIEM), told the Vietnam News Agency (VNA).

Efforts to improve Vietnam’s business climate have continued despite COVID-19 but progress appears to have slowed down compared to previous years and differs between fields, according to the latest report from the Vietnam Chamber of Commerce and Industry (VCCI).

If breakthroughs in institutional reforms are achieved to improve growth quality, coupling with timely and sound fiscal and monetary policies, the Vietnamese economy could expand 6.76 percent a year during 2021-2023, according to Director of the Central Institute for Economic Management (CIEM) Tran Thi Hong Minh.

Dr Tran Thi Hong Minh, Director of the Central Institute for Economic Management, talks to the Vietnam News Agency about Vietnam’s potential for economic development in 2021.