While the rollout of Vietnam's vaccination program is off to a slow start, but Fitch nevertheless expects the country’s GDP growth of about 7% in 2021 and 2022.

As uncertainties has led to HSBC revising down Vietnam’s GDP growth forecast in 2021 to 6.6%, the bank expected a strong rebound to 8.5% next year.

The GDP growth target of 6.5% for 2021 is a challenge for the country, which requires strong efforts from the government, business community and people.

Vietnam and China are the only two economies in East Asia and Pacific experiencing a V-shaped rebound where output has already surpassed pre-pandemic levels.

The upward trend in economic growth would continue to 2022 as the country’s economic growth may reach 7.2%.

The main objective of the national economic census is to serve as the foundation for the calculation of the country’ GDP and GRDP data.

Amid heightened uncertainty, continued policy support is essential to bolster the nascent economic recovery and facilitate the transition to the post-pandemic new normal.

Experts have said that Vietnam should further focus on administrative reform and improve the existing legislation framework to boost economic growth this year.

With this performance, Vietnam has delivered one of the highest growth (rates) in a year where the rest of the world were in deep recessions.