Vietnam Socioeconomic Forum 2022 coming to Hanoi soon

The Vietnam Socioeconomic Forum 2022 was announced at the press conference on September 15

The forum will take place on September 18, announced Nguyen Manh Hung, Standing Member of the National Assembly Economic Committee at the press conference on September 15.

Based on the success of the Vietnam Economic Forum 2021 in December, the National Assembly Economic Committee, the Ho Chi Minh National Academy of Politics, the Communist Party of Vietnam's Central Economic Commission, and the Vietnam Academy of Social Sciences continued to organise the forum with a new name, the Vietnam Socioeconomic Forum 2022.

According to Hung, the Vietnam Economic Forum in 2021 has gathered and supplemented scientific and practical arguments for the government and the National Assembly to make important decisions for socioeconomic recovery and development during 2022 and 2023. Since then, some policies have come into effect, along with both short-term and long-term impacts and benefits.

However, in the forecasts of domestic and international organisations, Vietnam's economy and society will face many difficulties. The economy includes risks in terms of macroeconomy stability, large balances, high inflationary pressure, the risk of supply disruptions in China, and the impact of the Russia-Ukraine conflict. These affect people's lives and reduce the resilience of businesses.

The forum is expected to add more scientific and practical arguments, international experience, comments from domestic and foreign experts, and promptly propose policy solutions to minimise negative impacts and seize opportunities.

The forum will provide a comprehensive review of Vietnam’s economy in the first nine months of 2022 and the outlook for the entire year; discuss pressing domestic and international socioeconomic problems and institutional issues in the new context; and identify potential inflationary, financial, fiscal, and monetary risks as well as proper solutions and policies to address issues in science-technology, education, labour, healthcare, and social welfare.

The forum will comprise two seminar sessions: one on accelerating institutional reforms and improving policies on land management as a major solution for socioeconomic recovery and development; and the other on fostering the implementation of supportive policies for enterprises and labourers to leverage business and production recovery and sustainable development.

The afternoon session consists of a plenary session and a high-level discussion with the theme of strengthening the macroeconomy, promoting recovery, and sustainable development.

The chair of the National Assembly will deliver the opening speech, attend high-level talks, and deliver the closing and concluding remarks. This year’s event will see the presence of Party and state leaders and around 400 delegates, including foreign scientists and specialists through a video teleconference.

Standard Chartered Bank forecasts Vietnam’s Q3 GDP growth at 10.8 per cent Standard Chartered Bank forecasts Vietnam’s GDP growth for Q3 and Q4 at 10.8 per cent and 3.9 per cent, respectively, taking full-year growth to 6.7 per cent. High global oil prices may have negative consequences on the economy.

Vietnam's economic growth forecast at 7.5 pc in 2022: World Bank Vietnam’s GDP growth is forecast to expand 7.5 percent in 2022 and 6.7 percent in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery.