Vietnam Economy

In 2023 and subsequent years, it is forecasted that the Vietnamese economy will face many difficulties and challenges.

Amid a dim global economic outlook, Vietnam continues to maintain macroeconomic stability, a low inflation rate, and ensure food and energy security.

An export-oriented manufacturing and inbound foreign direct investment drive Vietnam's economic growth.

Vietnam's effective response to Covid-19 remains critical to economic recovery.

The country’s positive outlook is bucking the slowing trend of the region.

Rice remains the key product that Vietnam has sometimes offered Cuba for free over the past years while transferring farming techniques to the country of brotherhood.

Economic resilience is essential for Vietnam to promote growth and keep inflation under control.

In long term, transforming the higher education system will be key to boosting Vietnam’s productivity and helping achieve its goal of becoming a high-income country by 2045.

Vietnam’s economic growth will be driven by continued trade expansion, the faster-than-expected recovery of manufacturing, domestic travel, and the acceleration of public investment.

The Government is looking at measures to curb the rising trend of petrol prices on the domestic market, which is placing a huge burden on the economy.