Vietnam Sets Socio-Economic Development Goals for 2022

The Vietnamese Government adopted Resolution No. 01 / NQ-CP on the main tasks and decisions for the implementation of the socio-economic development plan and the state budget estimate for 2022. It was highlighted that 2021 marked a year when many important events and initiatives were launched in Vietnam, such as the first year of the implementation of the Resolution of the XIII All-Vietnamese Party Congress, the 10-year strategy of socio-economic development for 2021-2030, and the 5-year plan for the period 2021-2025.


The goals to achieve a GDP growth of 6% - 6.5% in 2022 with per capita GDP of USD 3,900 were outlined. These goals are mentioned in Resolution No. 01, recently adopted by the Government, on the main tasks and decisions for the implementation of the socio-economic development plan and state budget estimates for 2022. The Government notes that although 2022 is an important year, the country will face challenges as the development of the COVID-19 pandemic becomes more serious, with the resilience of businesses continues to struggle.


The Government proposed the slogan for 2022 as “Cohesion and discipline, proactive adaptation, safety, efficiency, recovery and development”, and also emphasized many key issues, including safety, flexibility and adaptation, and effective control of the COVID-19 pandemic, firm implementation of appropriate measures to prevent and combat the pandemic, maximum protection of people's health and lives, attention to eliminating difficulties for production and businesses, and a prompt provision of support to people and enterprises.


The focus in 2022 is expected to be on the three following main areas:

·         The recovery and development of production and businesses increasing exports;

·         Accelerating the development of state investment capital;

·         Mobilizing all resources for the development of infrastructure.


“While striving for GDP growth of 6%-6.5%, and GDP per capita of USD 3,900, it is necessary to continue to maintain macroeconomic stability, to control the average growth rate of the consumer price index (CPI) at about 4%, balancing out the economy” - the resolution of the Government read.


At PHC Advisory, we continuously monitor the recent updates of tax policy in Vietnam. Please, feel free to contact us at for more information.

Nikita s.jpgGianluca small - 2.jpg