Although some parliamentarians considered the target too high, in the end the argument prevailed that the target was set based on careful analysis of the current development of the economy and the international situation.

Of the 500 legislators, 471 approved the plan, according to which in 2022 the GDP per capita will be 3,900 dollars; the manufacturing and processing industry will have a weight of up to 25.8 percent in the national economy; and inflation will be contained at a maximum of four percent, among other objectives.

The cornerstones of these goals will be the recently adopted strategy of safe and flexible adaptation of economic and social life to deal with the Covid-19 pandemic; the permanent renewal of the country’s development model; and the efficiency and competitiveness of the economy.

Earlier, in a report to the National Assembly, Prime Minister Pham Minh Chinh cited the increasing stabilization of the macro-economy and the return to productive regularity as signs of the country’s gradual return to normalcy.

He cited the performance of exports and foreign direct investments, the increase of new enterprises, revenues to the state budget and the containment of inflation in acceptable margins as positive factors.

Minh Chinh assured that the Government will maintain the policy of support to the enterprises and workers affected by Covid-19 and will accelerate the vaccination campaign against the disease in search of collective immunity.

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