US paper: macroeconomic outlook of Vietnam bright

The macroeconomic outlook of Vietnam is bright as the country has witnessed strong domestic consumption, received foreign direct investments and maintained a surplus in trade balance with other countries, with a real GDP growth forecast to exceed 8% in 2022, wrote an article recently published on the US’s seekingalpha.com.

According to the article, in a time when other major world economies are curtailing fiscal and monetary policy support in an effort to contain inflation, Vietnam is in a position to support its growth.

Vietnam's currency and interest rates also appear relatively stable compared to other countries. A sharp recovery in personal consumption along with strong export growth contributed to the country's impressive Q3 GDP growth of nearly 14%. 

Vietnam's strong macroeconomic position is expected to lift its population out of poverty as more than half of the Vietnamese population is projected to join the global middle class by 2035.

The article also noted the country has been able to remain attractive to foreign investors and received foreign direct investment net inflows totaling over 15 billion USD in 2021, or 4.2% of GDP, up from 3.2% of GDP in 2013./.

VNA