Vietnam posts high economic growth in six months

5 July, 2021 12:00 AM printer

Hanoi: Despite impacts from two waves of COVID-19 outbreaks in the first half of this year, especially on industrial hubs, Vietnam still posted gross domestic product (GDP) growth of 5.64 percent and its export revenue rose 28.4 percent over the same period last year.

Although the GDP expansion was lower than the target set by the Government, it was much higher than 1.82 percent recorded in the same period last year, report agencies.

This showed the effective policies, strategies and directions from the central to local levels with the implementation of “dual targets” of controlling the pandemic and ensuring socio-economic development at the same time.

At a national conference on COVID-19 prevention and control held recently, Prime Minister Pham Minh Chinh asked sectors and localities to apply measures to prevent the pandemic with priority given to the protection of people’s health and maintaining production. The standpoints have been persistent right from the beginning of the pandemic outbreak. Through each wave of COVID-19, Vietnam has made flexible adjustments in its strategy to respond to the pandemic.

Taking people as the centre of policies and the dual targets as the motto for actions, resolutions and documents issued by the Party, National Assembly and Government daily have shown efficiency in controlling the pandemic and boosting socio-economic development. Thanks to the directions, GDP growth in the first quarter of this year rose strongly, at 4.48 percent, compared to 3.82 percent in the same period last year.

Amid the complicated developments of the pandemic, PM Chinh affirmed that Vietnam does not choose the easy responding measures that may affect people’s lives and socio-economic development. The country only applies lockdown measures in pandemic-hit areas and social distancing in high-risk areas, ensuring the maintenance of normal activities. Meanwhile, vaccination is considered a long-term, decisive and strategic solution to overcome the pandemic, he said.