Highlight of Vietnam social-economic events in 2021

"Speedy" vaccination

With the efforts of the entire health system and the coordination between local departments, Vietnam's vaccination record has reached an impressive level. By December 16, Vietnam had injected more than 135 million doses. 77% of the adult population nationwide received the 1st dose, 60% of the population received the 2nd dose.

Vietnam's coverage of at least one dose of vaccine per population ranks fourth in the region (after Singapore, Cambodia, and Brunei).





GDP in the third quarter 2021 recorded negative growth

GDP in Q3-2021 is estimated to decrease by 6.17% compared to Q3-2020. This is the deepest decrease since 2000 (when Vietnam started to calculate and publish quarterly GDP up to now).

However, full-year GDP in 2021 increased by 2.58%, thanks to a quick recovery in Q4 (+5.22% YoY). Notably, GDP growth in 2021 of most of the major industrial cities in the North is high, even higher than 2020. Leading in GDP growth are Hai Phong and Quang Ninh.




The wave of digital transformation

From a country with a high rate of cash payments in the region, Vietnam has so far recorded a sharp increase in the rate of non-cash payments, through forms such as e-wallets, QR codes...

In December 2021, the three major carriers Viettel, MobiFone and VNPT were allowed to pilot the provision of Mobile Money services nationwide.


E-Commerce & Cashless Payment Breakthrough

The number of categories of goods and services purchased and sold online has increased. Non-cash payment indicators break out.




The stock market continues to set records

VN-Index continuously set new peaks. On November 25, VN-Index officially hit 1,500 points, an increase of nearly 397 points compared to December 30, 2020.

Liquidity regularly reached billions of USD, and set a record on December 23 with nearly 52.8 trillion VND (~2.3 billion USD).

As of 11/2021, the total number of newly opened securities trading accounts in the year reached more than 1.3 million accounts, equal to 32% of the total number of existing accounts at present.





Many fiscal and monetary policies are enacted

During the year, the National Assembly, the Government, the State Bank and other ministries/sectors have issued many policies to support businesses and people affected by the COVID-19 epidemic such as: relaxation, reduction of taxes, fees, charges, debt freezing. , debt rescheduling, extension and reduction of interest rates on loans, state budget expenditures, subsidies from unemployment insurance funds, exemptions and reductions in telecommunications, electricity, water, and tuition fees...




Source: Extracted from Vietdata's January 2022 Macroeconomic Report

 

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