Resolution 128 key to promote economic growth

On October 5, the Vietnam Government Portal organised the workshop on the one-year implementation of Resolution 128/NQ-CP, dated October 11, 2021, on safety, flexibility, and effective control of the COVID-19 pandemic in Vietnam.

Speaking at the workshop, Deputy Minister of Planning and Investment Tran Quoc Phuong mentioned the figures on GDP growth, which are published by the General Statistics Office of Vietnam (GSO) as proof of the success of enacting Resolution 128. According to GSO, in the first three quarters this year, Vietnam’s GDP growth was estimated to rise 8.83 per cent for the period, signifying the highest nine-month growth recorded in 2011-2022.

He said that in the third quarter of 2021, the country’s GDP decreased by 6 per cent on-year due to travel restrictions put in place to prevent the pandemic's spread. However, since the resolution was adopted in October last year, the country's GDP in the four quarter of 2021 immediately achieved positive growth.

“Resolution 128, together with the National Assembly’s Resolution No.43/2022/QH15 on fiscal and monetary policies in support of the programme on socioeconomic recovery and development, and other solutions have helped to maintain the economic recovery, towards sustainable recovery and development,” Phuong said.

According to GSO, in the first three quarters this year, Vietnam’s GDP growth was estimated to rise 8.83 per cent for the period, signifying the highest nine-month growth recorded in 2011-2022. The percentage for the third quarter, in particular, was 13.67 per cent.

The strategy on vaccine coverage, which is a part of Resolution 128 also reported a positive result. The statistics published by the Ministry of showed that the COVID-19 fatality rate in Vietnam stands at only 0.02 per cent, as compared with the world average of 1.2 per cent, noting that vaccination is an important prevention measure. More than 260.23 million doses of COVID-19 vaccines have been administered in the country so far.

Dr. Angela Pratt, chief representative in Vietnam of the World Health Organization, said that Resolution 128 was an important milestone in Vietnam's response to the pandemic, signalling an important shift from containing the virus and suppressing transmission at all costs to balance COVID-19 restrictions with the need to open up the economy and society.

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