Economic growth in Viet Nam since the Covid-19 pandemic

Vietnam Economic & Financial Review 16:04 | 12/11/2026 NGUYEN TRUNG HIEU
The COVID-19 pandemic spread globally from late 2019 to early 2022. In this context, most countries around the world implemented lockdown measures and promoted social distancing, resulting in significant disruptions across various sectors of the economy.

NGUYEN TRUNG HIEU

Ho Chi Minh City University of Technology and Education

Email: [email protected]

Abstract

This study utilizes secondary data obtained from the General Statistics Office of Viet Nam (now the National Statistics Office) to evaluate and analyze the current state of economic growth in Viet Nam following the COVID-19 pandemic. The findings reveal that although the pandemic generated significant economic difficulties and challenges, Viet Nam maintained positive economic growth during 2020 and 2021 despite a notable slowdown. Since 2022, the economy has shown a strong recovery and achieved considerable growth momentum. Nevertheless, the growth process continues to face various challenges arising from global uncertainties, including inflationary pressures, economic instability, and supply chain disruptions. In response to these risks, the study proposes several policy recommendations aimed at promoting sustainable economic growth in the coming period.

Keywords: Economy, growth, Viet Nam

(This article was published in the Vietnam Economic&Financial Review, Vol 2, Issue 3, June 2026)

For more details, please click here.

Các tin khác

Energy transition: The sustainable development goal of Viet Nam National Petroleum Group (Petrolimex)

Energy transition: The sustainable development goal of Viet Nam National Petroleum Group (Petrolimex)

This study examines the Green Transformation strategy of Vietnam National Petroleum Group (Petrolimex) for 2021-2025, with a vision to 2035, using the Malik Management Model and S-curve analysis.
Perceived digital innovation and airline preference: The role of perceived value and green values

Perceived digital innovation and airline preference: The role of perceived value and green values

This study investigates the impact of perceived digital innovation (PDI) on airline preference (AP) among Vietnamese passengers, examining the mediating role of perceived value (PV) and the moderating role of green values (GV).
Digital transformation and labor productivity in Viet Nam, 2015-2025: Trends, ASEAN benchmarking and policy implications

Digital transformation and labor productivity in Viet Nam, 2015-2025: Trends, ASEAN benchmarking and policy implications

This study examines the co-movement between digital transformation and labor productivity in Viet Nam during 2015-2025.
Application of the Z-Score and extended Springate H-Score models in predicting bankruptcy risk of listed real estate firms in Viet Nam

Application of the Z-Score and extended Springate H-Score models in predicting bankruptcy risk of listed real estate firms in Viet Nam

This study examines the predictive behaviour and underlying determinants of corporate distress scores for 55 real estate firms listed on the Ho Chi Minh and Hanoi stock exchanges over the period 2018-2025, an interval that captures both the COVID-19 demand shock and the 2022-2023 corporate bond market freeze.
Capital raising through international bond issuance: Evidence from ASEAN and policy implications for Viet Nam

Capital raising through international bond issuance: Evidence from ASEAN and policy implications for Viet Nam

International bond issuance has become a key channel through which emerging economies diversify funding sources and integrate into global capital markets.
Artificial intelligence in personal financial management: Evidence from an emerging market

Artificial intelligence in personal financial management: Evidence from an emerging market

This study examines the determinants of artificial intelligence (AI) adoption in personal financial management.
Building a digital ecosystem for bond issuance: International experience and implications for Viet Nam

Building a digital ecosystem for bond issuance: International experience and implications for Viet Nam

Against the backdrop of Viet Nam’s pursuit of double-digit economic growth, enhancing the capacity to mobilize and efficiently allocate medium- and long-term capital has become increasingly important.
From indirect environmental taxes to carbon pricing: A theoretical lens on Viet Nam’s transition

From indirect environmental taxes to carbon pricing: A theoretical lens on Viet Nam’s transition

Climate change has become a binding constraint on economic development, particularly for emerging economies where growth remains energy-intensive.
Digital transformation as a mediating mechanism between stakeholder pressure and ESG practices: The moderating role of digital leadership

Digital transformation as a mediating mechanism between stakeholder pressure and ESG practices: The moderating role of digital leadership

Stakeholder pressures are increasingly recognized as a key driver of organizational change, particularly in manufacturing firms pursuing sustainable development and Environmental – Social - Governance (ESG) goals.
Linking artificial intelligence adoption to sustainable development in Vietnamese SMEs: The mediating roles of digital transformation, operational effectiveness, and cost reduction

Linking artificial intelligence adoption to sustainable development in Vietnamese SMEs: The mediating roles of digital transformation, operational effectiveness, and cost reduction

This study develops a conceptual model positing that AI adoption enhances firm performance through three key mediating mechanisms: digital transformation, operational process effectiveness, and cost reduction.