As many as 158,800 businesses left the market in the first 11 months of 2023, an increase of 20 percent over the same period last year.

Minister of Industry and Trade Nguyen Hong Dien has affirmed the determination to strengthen trade promotion and export to major markets, optimising FTAs, making full use of opportunities, and actively responding to challenges in 2024.

The Vietnamese economy did recover in 2023, Dr. Can Van Luc affirmed, describing quarter-over-quarter growth, rebounded sectors, and impressive results in economic integration as three highlights last year.

The Vietnam Value has moved up one spot to 32nd out of 100 strong national brands globally, with its value hitting US$431 billion, according to a Government official.

After successfully conquering international markets, many businesses have returned to conquer the domestic market as more and more customers choose to buy Vietnamese products.

Here are the 10 most outstanding economic events in Vietnam in 2023.

Despite the Vietnamese economy’s growth being lower than expected in 2023, it remains among the fastest growing in the region thanks to corporate confidence bouncing back.

Gathering strength to promote economic growth, rather than stabilizing the macro economy, is the 2024 message sent by the National Assembly and government.

Foreign investment attraction is one of the highlights of the Vietnamese economy in the year 2023 when the world witnessed many difficulties. The arrival of technology corporations to Vietnam to explore opportunities promises a new development.

Vietnam setting 2024 GDP growth target at over 6 percent is easily obtainable, said UNDP Senior International Economist Jonathan Pincus.

The market capitalisation of Vietnam’s stock market approximated 6 quadrillion VND (246.7 billion USD) in 2023, rising 9.5% from and equivalent to about 62% of gross domestic product (GDP) in 2022, statistics show.

Despite a challenging year, Vietnam can be proud of its achievements in 2023.

According to experts and international media, Vietnam's economy has shown resilience, stability, and readiness to overcome difficulties to become one of the economies with positive growth rates in the world.

Vietnam and the Philippines are the two economies in Southeast Asia that are projected to make a big leap in the World Economic League Table (WELT) between 2023 and 2038, according to the Centre for Economics and Business Research (CEBR).

Vietnamese gross domestic product (GDP) grew by 5.05% in 2023, higher than 2020 and 2021 during the 2011 - 2023 period, according to the General Statistics Office (GSO).

Vietnam’s gross domestic product (GDP) growth rate is estimated at 5.05% in 2023, the General Statistics Office (GSO) announced on December 29.

Open foreign relations and an economy that maintains growth recovery momentum help Vietnam remain a bright spot in this year's global panorama.

Credit rating agency Fitch Ratings has forecast Vietnam’s growth in the medium term at around 7%, with many favourable signs.

Deputy Prime Minister Le Minh Khai on December 27 asked the Ministry of Finance (MoF) to effectively put in place issued policies and those expected to be adopted in order to untangle knots facing businesses.

Suffering from declined overseas shipments, export businesses in some industries now need more assistance from the Government to navigate difficulties and challenges, insiders have said.