Illustrative economy (Source: VNA) In an interview granted to the Vietnam News Agency, Osiuscited a forecast by the World Bank (WB) for the Vietnamese economy as saying it isexpected to grow 7.5% this year.
He described Vietnam’s post-pandemic rapid recovery asa positive sign in the context of the global economy facing a host ofdifficulties like inflation and food and energy crisis.
Vietnam has favourable conditions to spur its economicdevelopment, he said, adding that the country has actively integrated into theworld and paid attention to boosting its trade ties with the US.
Foreign investments in Vietnam have continued torise, and more and more US firms have come to the Southeast Asian nation, Osiuscontinued.
Vietnam has also engaged in negotiations for the Indo-PacificEconomic Framework (IPEF) with the four pillars of free trade, resilience ofsupply chains, clean energy through carbon emission reduction andinfrastructure, and customs and anti-corruption.
Osius noted that the Vietnamese economy hassubstantial prospects, and suggested the country join negotiations and work togetherwith its trade partners to make decisions in order to better cope with challengesahead such as energy and food prices and inflation./.
VNA
