Vietnam’s GDP is projected to grow 5.8% this year, sharing the second position with Cambodia in the region, only after the Philippines, according to the International Monetary Fund (IMF).

This year’s PAPI report reflected public optimism about the national economy, with 66.1 per cent of respondents rating the national economy as good in 2022, a 19.4 per cent increase from the previous year.

Vietnam can take advantage of its population structure to promote economic development and attract foreign investment, according to foreign media outlets and experts.

Policies are needed to boost the number of domestic enterprises participating in the supply chain of multinational companies, and a boost is necessary in the localisation rate of the processing and manufacturing industry, which now remain modest.

Vietnam needs to obtain unprecedented high growth rates in the next three quarters of this year if it wants to reach a GDP growth rate of 6.5 percent.

In the context of uncertain global economy, the Asian Development Bank (ADB) suggested Vietnam diversify its markets to boost exports in 2023 and beyond.

This year, AMRO expected Vietnam’s GDP growth to hit 6% in 2023, and then rebound to 7,1% in 2024.

The total import and export turnover in the first three months of 2023 was recorded at US$150 billion, significantly lower than the set target of over $200 billion, raising concerns among authorities and businesses.

Vietnam’s economy is expected to grow by 6.5 per cent this year and expand to 6.8 per cent in 2024, according to the Asian Development Bank (ADB).

The nation’s economic growth is forecast to decrease slightly at 6.5% this year before rising to 6.8% next year, according to the “Asian Development Outlook” report released by the Asian Development Bank (ADB) on April 4.

The Ministry of Planning and Investment (MPI) has developed two scenarios for the Vietnamese economy this year and suggested that the government keeps to the 6.5% GDP growth target despite mounting pressure from outside.

After having shown signs of recovery in the previous month, the Vietnamese manufacturing sector took a step back in March, according to S&P Global.

Capital from the private sector also makes a great contribution to socio-economic development.

The Government wants the private sector to be a main driver in the country’s development, with a target of establishing 1.5 million businesses by 2025.

Vietnam's economy will grow by 6.6% this year and at a similar rate in 2024, according to a report released on March 31 by the Organisation for Economic Co-operation and Development (OECD).

The long queues of people waiting for their turn to get lump sum benefits at social insurance agencies since 2021 reflects the situation of many laborers two years after the pandemic outbreak.

Vietnam, which expects to have its 100 millionth citizen in April 2023, is now in the golden population period which extends from 2007 to 2039.

Vietnam’s gross domestic product (GDP) grew by 3.32% in the first quarter of the year, higher only than the growth rate of 3.21% recorded in the first quarter of 2020 in the 2011 to 2023 period, according to the General Statistics Office.

Vietnam’s rice export price is the highest in the world, and its farm produce has sought a way to enter the British market. Animal feed manufacturers have called for support.

The Silicon Valley Bank (SVB) collapse by itself will end up being neutral for Viet Nam’s stock market and economy, Michael Kokalari, chief economist at investment fund VinaCapital, has said in a report.