Vietnam’s GDP growth to be among the highest in SE as int’l organisations forecast

Vietnam’s GDP growth in 2022 and 2023 will be among the highest in Southeast Asian as shown in many international organisations’ forecasts and assessments on the Vietnamese economic outlook, Minister-Chairman of the Government Office Tran Van Son told a routine government press briefing in Hanoi on October 1.

Illustrative image. (Photo: VNA)

Hanoi (VNA) – Vietnam’s GDP growth in 2022 and2023 will be among the highest in Southeast Asia as shown in manyinternational organisations’ forecasts and assessments on the Vietnamese economicoutlook, Minister-Chairman of the Government Office Tran Van Son told a routinegovernment press briefing in Hanoi on October 1.

Moody’s, the World Bank (WB), the International MonetaryFund (IMF), and the Asian Development Bank (ADB) have projected Vietnam willachieve a GDP growth of 8.5%, 7.2%, 7% and 6.5%, respectively, this year, hesaid.

The economy is back on track, Son said, noting that the GDPgrowth hit 13.6% in the third quarter of 2022 and 8.83% in the first ninemonths of the year, the highest since 2011.

The nine-month GRDP growth exceeded 11% in 10 localities.Hanoi and HCM City recorded a GRDP growth of 9.97% and 9.69%, respectively,during the period, according to Son.

From January to September, the agriculture, forestry andfisheries sector expanded 2.99% year-on-year; industry and construction, 9.63%;and services, 10.57%.

Vietnam has maintained a stable macro-economy with inflationwell under control and CPI picking up 2.73%, he said./.

VNA