Vietnam’s GDP growth forecast to expand by 4.7% in 2023: WB
Lower-than-expected growth in advanced economies and China could reduce external demand for Vietnamese exports.
Lower-than-expected growth in advanced economies and China could reduce external demand for Vietnamese exports.
Fiscal policy can have a greater role in support of economic growth and the poorest and most vulnerable.
Given the adverse global environment, achieving 6.5% GDP growth this year would be challenging for Vietnam.
Vietnam's foreign reserves could reach $102 billion by year's end.
The country is forecast to be the second-fastest growing economy in Asia-Pacific this year.
In 2023 and subsequent years, it is forecasted that the Vietnamese economy will face many difficulties and challenges.
The main objective for Vietnam in 2023 remains to ensure stable macroeconomic fundamentals, contain inflation, and boost growth.
The country by 2030 will become a developing country with modern industrial sectors and reach the upper-middle income status.
The country’s economic performance next year will remain solid despite strong headwinds.
Vietnam is likely to remain one of the outperformers in Asia.