The Government has projected the country’s gross domestic product (GDP) growth at 6.5% in 2023, saying it is achievable despite challenges ahead.

Only one of 15 social-economic development targets are not expected to be met or exceeded this year.

With Vietnam’s economy recording a positive recovery, the government is accelerating the country’s largest-ever monetary and fiscal package.

A writing published by the London-based Financial Times on September 26 described Vietnam as one of the seven economic wonders of a worried world.

Vietnam’s economic growth has been accelerating in 2022, with experts considering high-tech foreign investments as a driver.

Vietnam continues to strengthen its brand by accelerating national vaccine roll out program for its people and being one of the first markets to reopen in the post-pandemic period, told Tim Evans, CEO of HSBC Vietnam.

The nation has earned its status as a global production factory, although there are fears that it will remain an assembly platform in the future, according to a piece published by Japanese news service Nikkei Asia.

The goal of developing 1 million businesses by 2020 has failed. The biggest challenge lies in the business environment.

The Vietnam Socio-Economic Forum 2022, themed “Reinforcing macro-economic foundation, promoting sustainable recovery and development”, opened in Hanoi on September 18.

GDP (gross domestic product) growth has slowed down. The risk of falling to the middle-income trap and economically lagging behind exist.

Vietnam has built strong credibility by enabling a stable macroeconomic environment, high GDP growth, and low inflation, as well as fiscal prudence with one of the lowest Government debt-to-GDP ratios in the world.

Vietnam has witnessed a strong rebound after last year’s COVID related slowdown, said World Bank (WB) Lead Country Economist and Program Leader for Equitable Growth, Finance and Institutions in Vietnam Andrea Coppola.

The Finance Ministry said on September 6 that Moody’s Investors Service has upgraded Vietnam’s long-term issuer and senior unsecured ratings to Ba2 from Ba3 and changed the outlook to stable from positive.

Many Japanese businesses believe that Vietnam needs to get rid of the image of an assembly and outsourcing country by creating new technology industries to help solve society's challenges.

Vietnam ranks as the fifth most open economy in Asia out of 37 nations evaluated by Fitch Solutions in its Vietnam Trade & Investment Risk Report.

In 2030, the income of Vietnamese is expected to be equal to that of Malaysia in 2007. Experts calculate that if Vietnam tries its best, it can catch up with Thailand and Malaysia, but it will still be far behind China and South Korea.

The increase in input costs plus the decline in demand in many large markets are posing challenges to businesses in the last months of the year.

Vietnam has the potential to become a new tiger in Asia, economist Brian Lee Shun Rong at Maybank - Malaysia's largest financial services group and the leading banking group in South East Asia – has reportedly said.

Vietnam and the Southeast Asian region have managed to maintain economic stability and growth despite COVID-19 and the Russia-Ukraine conflict, according to experts.

That is the message and guideline of Minister of Planning and Investment Nguyen Chi Dung at the national conference on how to sustainably develop.