Despite impact of geopolitical conflicts and rising inflationary risks in major economies around the world, Vietnam's economy was growing in 2022 thank to drastic measures and flexibility by the Government to the accelerate post-pandemic recovery.

China’s reopening is expected to boost Vietnam’s GDP growth by over 2 percentage points next year, driven by the full resumption of Chinese tourist arrivals in the second half of 2023,

China’s reopening is expected to boost Vietnam’s GDP growth by over 2 percentage points next year, driven by the full resumption of Chinese tourist arrivals in the second half of 2023.

The target of 6.5% economic growth set by the National Assembly for next year, lower than the growth of 8.02% recorded in 2022, will be a challenge, said General Director of the General Statistics Office (GSO) Nguyen Thi Huong.

Vietnam’s GDP growth reaches 8.02% this year, a record high in the 2011-2022 period as the economy is recovering strongly, General Director of the General Statistics Office (GSO) Nguyen Thi Huong told a press conference in Hanoi on December 29.

India, Vietnam, Thailand, Malaysia, and Bangladesh are stepping up to replace China to become the world's industrial hubs, according to magazine Business Insider of the United States.

2022 is the first year since 2007 that the economy has reached a GDP growth rate of 8%.

Foreign experts have dubbed the Vietnamese economy as a miracle in Asia and a bright spot of economic growth in Asia-Pacific as a result of the Vietnamese Government’s sound and effective economic management policies.

It is anticipated that 2023 will be a challenging year for the world economy, particularly Vietnam. The question is how to counteract the upcoming headwinds.

The Academy of Policy and Development (APD), under the Ministry of Planning and Investment (MPI) released the 2021 Provincial Sustainable Development Index (PSDI) for cities and provinces across the country on Wednesday.

HSBC has raised Vietnam’s growth forecast from 7.6% to 8.1% this year but revised down the forecast for next year from 6% to 5.8%.

Vietnam’s economy is expected to have positive prospects in 2023 after witnessing stability in late 2022 with bright macroeconomic indicators amid the world’s difficulties.

Country Director of the Asian Development Bank (ADB) in Vietnam Andrew Jeffries has attributed Vietnam’s economic growth in 2022 to a strong performance across sectors.

Vietnam will not be prosperous without large private business groups because they are the pillars of the national economy and the backbone to create supply chains.

The global economy in 2023 is expected to be even more complicated and unpredictable, and more difficulties are anticipated, which will require greater efforts.

In 2023, the Government will continue to apply firm, flexible and effective monetary policies in close and harmonised association with fiscal policies and other policies, ensuring the overall effectiveness to meet the demand of the reality.

For the first time this year Vietnam’s foreign trade has hit the US$700 billion mark, marking a bright spot in the overall picture of the national economy amid global market volatility.

“We are proud that Vinachem's records in 2021 were broken after 9 months, so business results for 2022 will be much higher,” Nguyen Phu Cuong, Vinachem chairman, said.

Total public investment to be delivered in 2023 is expected to top VND730 trillion ($31 billion), higher than the realised figure of VND540 trillion in 2022.

The Asian Development Bank (ADB) has raised its economic growth forecast for Vietnam this year to 7.5%, despite regional and global gloom, the bank said in a regular supplement to the Asian Development Outlook (ADO) 2022 released on December 14.