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Will the economic growth target be blocked due to the rebound of the pandemic and the Spring Festival in Vietnam?

Will the economic growth target be blocked due to the rebound of the pandemic and the Spring Festival in Vietnam?

Desolate Spring Festival

The Vietnamese government has proposed the goal of becoming a high-income developed country by 2045.

The Spring Festival is also a traditional holiday for Vietnamese people, but due to the rebound of the COVID-19 pandemic in Vietnam before the Spring Festival, the Vietnamese government has imposed strict restrictions on activities during the Spring Festival, and this year’s Spring Festival in Vietnam is particularly desolate.

However, on the whole, Vietnam has handed in good answers in the cold winter of the global economy caused by the pandemic. According to the data of the Vietnamese government, Vietnam’s gross domestic product (GDP) achieved 2.9% growth in 2020, the lowest level in the country in 20 years, but globally, its performance is very bright.

For 2021, the Vietnamese government set a GDP growth target of 6.5%. In an interview with the First Financial Reporter, Huang Xingqiu, a professor at the Vietnam Research Institute of Guangxi Normal University, said that Vietnam has achieved success in pandemic prevention in 2020, and the impact of the pandemic on domestic production has been very small.

At the same time, after the restoration of social order, foreign capital was further stimulated. Based on this, he said that Vietnam’s economic development in 2021 is worth looking forward to.

At the 13th National Congress of the Communist Party of Vietnam, which had previously ended, the Vietnamese government put forward a long-term goal of turning Vietnam into a high-income developed country by 2045.

According to the latest news released by Vietnam’s National COVID-19 Prevention and Control Steering Committee on the 14th, 604 new confirmed cases of COVID-19 have been confirmed since January 27.

On January 27, Vietnam broke the record of no confirmed cases in China for 57 consecutive days, because a Vietnamese woman who recently worked in Haiyang Province was diagnosed with the mutant novel coronavirus found in the United Kingdom after arriving in Osaka, Japan.

Vietnam immediately launched an epidemiological investigation in Haiyang Province and took emergency pandemic prevention measures. Two local cases were confirmed that night, and the number of confirmed cases has been increasing since then.

In addition, confirmed cases have also been found among employees at the international airport.

According to the Vietnamese government, the statutory holiday for the Spring Festival in 2021 starts from February 10 to ends on February 16. Setting off fireworks has been an important activity of Ho Chi Minh City on New Year’s Eve for many years.

Previously, Ho Chi Minh City still planned to set off fireworks in eight places to welcome the Spring Festival. However, after the rebound of the pandemic, this tradition for many years has been forced to be cancelled.

The Ho Chi Minh City government said that due to the impact of the pandemic, about 70% of workers this year will not be able to go home for the Spring Festival.

At the same time, many cultural, sports and public gathering activities have been suspended in many places in Vietnam to avoid the spread of the pandemic in the community.

Because Haiyang Province is not far from Hanoi, the capital of Vietnam, the People’s Committee of Hanoi City suggested that Hanoi citizens should not go out. At the same time, it is strictly forbidden to organize temple fairs and other gathering activities during the Spring Festival.

Before the fifteenth day of the first month of the lunar calendar, all scenic spots in Hanoi should not receive tourists in violation of regulations. Personnel returning to Hanoi from other places after the Spring Festival holiday must provide health certificates.

The growth trend remains unchanged.

2021 marks the 35th anniversary of Vietnam’s reform and opening up.

Between 2016 and 2019, Vietnam’s GDP grew at an average annual rate of about 6.8%. GDP grew by about 2.9% in 2020 despite the impact of the coronavirus pandemic.

The Vietnamese government set the GDP growth target for 2021 at 6.5%.

The World Bank gave a similar assessment in the Global Economic Outlook released in January 2021, which predicts that Vietnam’s economy will grow by 6.7% in 2021 and 6.5% in 2022, with stable long-term economic growth.

Huang Xingqiu told the First Financial Reporter that after interviewing many entrepreneurs who invested in Vietnam, he found that the current pandemic had little impact on the production activities of Vietnamese enterprises.

At the same time, he feels that the Vietnamese people are currently 100 times more confident in the development of the country, and the economic development has a high public opinion foundation.

Based on this, he predicts that Vietnam’s economy will recover and develop better this year on the basis of last year’s positive growth, and better than that of neighboring Southeast Asian countries.

He also said that although Vietnam’s pandemic prevention policy is strict, it is also flexible.

He introduced that Vietnam’s first urban light rail Hanoi light rail Jiling-Hedong line was built by the China Railway Sixth Bureau. More than 100 Chinese experts entered Vietnam through Vietnam’s fast track.

In 2021, this line has successfully completed the simulation operation of the whole train without delaying the progress of the project.

Not only between Vietnam and China, Vietnam has opened a shortcut to many important economic and trading partners.

South Korea and Vietnam’s “fast track” will be implemented from January 1, 2021, and business people with negative certificates of COVID-19 can be exempted from quarantine for 14 days.

At the same time, Huang Xingqiu also told the First Financial Reporter that although Chinese enterprises have different feedback after investing in Vietnam, on the whole, Chinese enterprises still have a great interest in investing in Vietnam, and Vietnam’s ability to attract foreign investment and accept industrial transfers is still very strong.

In terms of medium- and long-term economic development, although it is in a period of rebounding the pandemic, the 13th National Congress of the Communist Party of Vietnam still held its meeting as scheduled, and on February 1, adopted a resolution proposing Vietnam’s economic and social development plan for the next five years and development goals for the next stage.

According to Xinhua News Agency, the resolution of the 13th National Congress of the Communist Party of Vietnam proposes to make Vietnam a developing country that breaks away from middle-to-low-income income and move along the road of modern industry by 2025; to make Vietnam a middle- and high-income developing country with modern industry by 2030; and make Vietnam a high-income by 2045.

Developed countries.

The year demarcated in the resolution is of great significance.

2030 marks the 100th anniversary of the founding of the Communist Party of Vietnam, and 2045 marks the 100th anniversary of Vietnam’s independence.

In Huang Xingqiu’s view, the 13th National Congress of the Communist Party of Vietnam has provided Vietnam with new economic development goals, and also provided political and talent support for the main battlefield of economic construction.

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