Economic Growth

Read The Hanoi Times for more updates about Vietnam.

In the first three months of 2023, Vietnam's digital economy grew by 13.6%, about four percentage points more than in the last quarter of 2022.

Amidst the global uncertainties, the Central Bank has been buying back foreign currencies to ensure an adequate trade balance and economic stability.

Between January and September, Hanoi's domestic companies earned a total of US$7.1 billion from exports, while FDI firms sold $6 billion worth of products to overseas markets.

Some VND55.5 trillion (US$2.35 billion) worth of financial aid has been allocated to boost the country’s socio-economic growth so far this year.

Vietnam's effective management, combined with continued progress in laying the foundations for sustained medium-term growth, provides sound reasons to be optimistic about economic prospects for 2022 and beyond.

The city should continue raising public awareness on the necessity of restriction measures to create a positive response from the society in the Covid-19 fight.

The private sector is expected to play a key role in driving the country forward in the upcoming decade.

Hanoi’s economic performance is dependent on its success in containing the Covid-19 pandemic.

The city remains firm on the 7.5% growth target in 2021.