AMRO experts optimistic about Vietnam's economic prospects
According to ASEAN+3 Regional Economic Outlook 2023 provided by The ASEAN+3 Macroeconomic Research Office (AMRO), following a slump due to the pandemic, the Vietnamese economy rebounded rapidly in 2022, recording GDP growth at 8 percent for the year.
According to ASEAN+3 Regional Economic Outlook 2023 provided by The ASEAN+3 Macroeconomic Research Office (AMRO), following a slump due to the pandemic, the Vietnamese economy rebounded rapidly in 2022, recording GDP growth at 8 percent for the year.
The recovery has been broad-based—manufacturing was boosted by robust exports and strong FDI inflows, while domestic consumption expanded, driven by the relaxation of mobility restrictions and the economic stimulus package.
High oil prices were chiefly responsible for elevated consumer price inflation in 2022.
However, state administered prices and temporary tax cuts helped curb inflation./.
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