vietnam economy 2022

Update news vietnam economy 2022

Some big companies made profits in 2022, but others incurred losses

While Duc Giang Chemicals and Binh Son Refining and Petrochemical have reported big profits for Q4 and the year 2022, Vietnam Airlines and leading steel manufacturer Hoa Phat saw big losses for the year.

An unforgettable post-Covid year

Later this week, socio-economic statistics will be officially released and are expected to be good, simply because the economic performance in the post-Covid year is better than 2021 when Vietnam was under lockdown.

Ten most notable events of industry, trade sector announced

Vietnam's industry and trade sector has obtained encouraging results in 2022, contributing to the national socio-economic development.

Vietnam seeks new motivation for growth

Vietnam is seeking new driving forces for economic growth besides monetary and fiscal policies. VietNamNet spoke with Nguyen Dinh Cung, former head of the Central Institute for Economic Management (CIEM), about this issue.

Business conditions in Vietnam’s manufacturing sector continue to improve: S&P Global

Continued expansions in output and employment alongside muted price and supply pressures may help the sector remain in growth territory as the end of the year approaches.

Export growth slows as concerns about global recession intensify

There have been signs since September showing that export growth in many sectors has begun to slow down.

Vietnam’s prospects remain reassuring amid global uncertainty: Foreign experts

An export-oriented manufacturing and inbound foreign direct investment drive Vietnam's economic growth.

'Self-determination' with 3rd pillar for sustainable growth

Local firms are being affected by today’s changing world because of the openness of the Vietnamese economy.

Manoeuvering safely amid global adversity

Despite a high growth forecast for this year thanks to several advantages, the government is taking great caution setting a growth target for 2023 due to numerous lingering challenges.

Vietnam shines amid global economic volatilities

Vietnam’s economic growth was reported in all three key sectors, of which services increased by 10.57%, industry-construction up 9.63%, and agriculture-forestry-fishery up 2.99%.

Experts concerned about low CPI figure, inflation risks

Inflation risk is still present with high prices from all input factors, so the simultaneous use of both expansionary fiscal policy and expansionary monetary policy will create pressure on prices.

Standard Chartered raises Vietnam's 2022 GDP growth forecast to 7.5 percent

Based on a 13.7 percent surge in the third quarter, Standard Chartered Bank raised Viet Nam’s GDP growth forecast for 2022 to 7.5 percent higher than its August forecast of 6.7 percent and for 2023 to 7.2 percent from 7.0 percent.

Temporary interest rate package requiring second look

The reach of the 2% lending-rate-support policy has been lower than expected after banks applied common credit standards to businesses that wanted to benefit from the scheme – leading to both sides asking for more assistance.

An additional $3.5 billion to be put into the economy

Four banks include VPBank, HDBank, MB and Vietcombank has just adjusted its credit room for the third time this year.

IMF forecasts Vietnamese GDP growth to continue at 7% this year

Vietnamese GDP growth is projected to surge by 7% this year, thereby taking the lead among the group of five emerging markets in Southeast Asia, according to IMF's World Economic Outlook Report for October.

Vietnam’s economy projected to grow 8% in 2022: Government report

The Vietnamese economy is forecast to expand by 8% in 2022, surpassing the target of 6-6.5%, according to a report prepared by the Government and discussed by the National Assembly Standing Committee on October 11.

Vietnam, Cambodia lead ASEAN comeback in Nikkei COVID-19 Recovery Index

Cambodia and Vietnam lead the way in Southeast Asian for countries bouncing back from the impact of the pandemic, according to the Nikkei's latest and final COVID-19 Recovery Index.

Vietnam likely to decouple from difficult global economic conditions: VinaCapital

Vietnam’s strong domestic-driven economic growth coupled with the strong resolve of its policy makers to maintain a stable economy will make the country an “economic safe haven” among emerging markets,

Vietnam experiences solid rise in production

The Vietnamese manufacturing sector rose solidly inside growth territory at the end of the third quarter of the year.

UOB upgrades 2022 growth forecast for Vietnam to 8.2%

Given Vietnam’s strong economic recovery in the third quarter, the Singapore-based United Overseas Bank (UOB) has raised its forecast for the country’s GDP growth this year to 8.2%, from the previous prediction of 7%.