Prime Minister’s Pham Minh Chinh visit to Japan has been a timely assurance of the country’s determination to be a solid investment destination.

Barring any major disruptions such as those from the Omicron variant, Vietnam is likely to move towards a more “normal” economic expansion of 7.4% in 2022.

The US$221.5-million-credit is a budget support operation and comes in the form of concessional terms for a period of 30 years with a grace period of five years.

Vietnam is in a better vaccine position to protect itself from imposing another lockdown.

The Government is in a process of setting up an investment portfolio to be included in a public investment scheme, which is expected to complete this month.