Vietnam’s economic outlook through prism of int’l experts
Much remains to be done for Vietnam to reach the goal of becoming a developed country by 2045, but it is moving in the right direction.
Much remains to be done for Vietnam to reach the goal of becoming a developed country by 2045, but it is moving in the right direction.
The GDP growth would rebound to 7.2% in 2022 and moderate to 6.7% in 2023.
The World Bank recommended that the government remain vigilant about inflation risks associated with food and basic prices.
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.
Better law-making would help Vietnam better adapt to changes in the region and the world.
Vietnam will finalize its legal framework to build an independent and self-reliant economy, with high resilience against external shocks in global integration, Prime Minister Pham Minh Chinh has said.
With the right mix of policies and strategies, Vietnam can leverage its decarbonization efforts to advance development objectives so that achieving net zero emissions does not reduce GDP growth.
Vietnam’s prudent policies resulted in a prolonged period of high growth, price stability, and low public debt-to-GDP ratios.
Institutions have become a major impediment to the nation’s aspiration to reach high income by 2045.
The disbursement of approved FDI projects increased by 8.7% year-on-year in March, the fourth month of increase as post-Covid-19 lockdown constraints ease.