Vietnam's economy grew 8.83% in the first nine months of 2022. (Photo: VNA)The GSO held that pressure on the growth from now to the year’s end is not too heavy as Vietnam has beenmaintaining some bases and room over the past nine months.
Besides, the economic recoverypackage will be implemented strongly in the fourth quarter while the agricultural,service, and processing - manufacturing sectors still have much room to grow inthe last three months.
Pointing out certain adverse factors,the GSO said unpredictable global economic impacts, the world’s complexgeopolitical situation, natural disasters, and inflation may adversely affect Vietnam’sexport. Growing fuel prices and changes in international exchange rates arepredicted to cause pressure on enterprises’ production inputs.
In particular, the openness of the country’seconomy is relatively large, so fluctuations in the global economy will either directly or indirectly affect businesses’ production activities and people’slife, according to the GSO.
With flexible moves by theGovernment, ministries, sectors, and localities, along with people andbusinesses’ consensus, the Vietnamese economy will continue to be consolidatedto sustain production and export.
Given this, a GDP growth rate of 7.5- 8% in 2022 is completely achievable, Huong said.
Vietnamposted year-on-year growth of 8.83% in the first nine months of 2022, the highest nine-month level during 2011 - 2022. The economy expanded by 13.67% inthe third quarter compared to the same period last year.
This is an extremely positive result,beyond expectations and forecasts, the GSO noted./.
VNA
