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Vietnam’s inflation forecast to slow to 4% in 2023: ADB
Vietnam’s inflation is forecast to slow to 4% in 2023 and the next year, according to the Asian Development Bank.
Vietnam’s GDP grows 4.24% in January-September
Vietnam’s gross domestic product (GDP) increased by 4.24% year-on-year in the first nine months of 2023. While the rate only exceeds the figures recorded in 2020 and 2021, which were significantly affected by COVID-19, it is still seen as a positive outcome, according to the General Statistics Office.
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Experts confident in Vietnam’s economic recovery
Although Vietnam’s growth has slowed down amid global economic crises, the country is showing stronger performance than the majority of others in the world and continuing to be an attractive destination for foreign manufacturers, according to insiders.
Vietnam’s regulatory interest rates to further down in fourth quarter: UOB
The United Overseas Bank (UOB) has maintained its economic growth forecast for Vietnam at 5.2% for 2023 and 6% for 2024 while forecasting that Vietnam will continue to cut regulatory interest rates in the remaining months of this year to balance economic growth and inflation pressure.
Revenue of 19 State groups, corporations accounts for 20% of 2022 GDP
The total consolidated revenue of 19 State-owned economic groups and corporations hit 1.871 quadrillion VND (77.9 billion USD) last year, or 20% of the country’s gross domestic product (GDP), up 0.6% from 2018, heard a workshop in Hanoi on September 26.
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