BSC Vietnam Sector Outlook 2022_EN

 Over the years, BSC has regularly updated our views on financial and securities topics to assist investors in seizing effective investment opportunities. The year 2022 has set an important premise for assessing the internal strength and resilience of Vietnam's economy after going through a period full of adversity due to the Covid-19 epidemic. To mark this new milestone with a promising future, 2021 has closed with many optimistic events such as:

• National vaccination rate reached a high level, Vietnam is currently one of the 6 countries with the highest vaccination coverage rate in the world. As of January 11, 2022, the coverage rate of 2-dose vaccine is 92.6% of the population, the number of 3-dose vaccines is about 11.8% of the population, with a vaccination capacity of about 1.1 million doses/day.
• Manufacturing business activity recovered relatively well with PMI gradually recovering above 52 points in November and December 2021.
• The economic recovery support package with great value was approved.

• A high rate of vaccine coverage is a solid basis for Vietnam to transform into "Living with Covid" orientation instead of "Zero Covid" strategy, helping to ensure uninterrupted production.
• GDP growth recovered strongly, forecasted under 2 scenarios will reach 6.6% and 6.0% for 2022 and 7.0% and 6.7% for 2023.
• Policies to support the economy continue to be revised: (1) fiscal policy to stimulate the macroeconomy, (2) Credit growth is expected to reach 14%, (3) Disbursement of state public investment capital reached 462.3 trillion VND.
• The stock market will still be an investment channel to strongly attract domestic capital flows with the support of low interest rates.