A flexible approach in managing the twin goal helped the country keep the economy intact in the most complicated Covid-19 outbreak yet.

The government expects a budget deficit of $86.7 billion, or 3.7% of the GDP, in the next five-year period.

The private sector is expected to play a key role in driving the country forward in the upcoming decade.

Depending on the actual situation of each province/city, priority should be given for containing the pandemic, boosting growth, or both, Prime Minister Pham Minh Chinh has said.

Hanoi is set to publish the survey result in December 2021 and the official figure in February 2022.

Vietnam has been successful in containing Covid-19 and has benefited from fiscal measures supporting public investment and robust foreign direct investment (FDI) inflows.

During and after the pandemic, the digital economy should be at the center of economic policies for Vietnam in the post-pandemic period.

In 2021, the government would borrow VND624.22 trillion (US$27.2 billion), including VND527.35 trillion (US$23 billion) from domestic source.

Vietnam’s leadership renewal marks a combination of experience and freshness, a suitable formula for Vietnam’s planned transition towards developed status by 2045.