World Bank says Vietnam"s GDP growth to moderate in 2023
Vietnam's GDP growth is projected at 6.3 per cent in 2023, according to the latest Global Economic Prospects report by the World Bank.
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Vietnam's GDP growth is projected at 6.3 per cent in 2023, according to the latest Global Economic Prospects report by the World Bank.
This is the highest growth rate in over a decade, indicating a robust economic rebound this year.
Growth in Vietnam’s economy may slow down next year due to massive complexities, including a reduction in global demand caused by tightened spending.
Construction activities in the country managed to recover with the downgrade of alert level in several areas, evident in the jump in the value of building works during the last quarter of the year.
THE gradual recovery of the economy has been reflected in the value of construction projects nationwide, according to data from the Philippine Statistics Authority (PSA). In the Construction Statistics from Approved Building Permits for the Fourth Quarter 2021, PSA said the total construction of residential and non-residential buildings grew 24.8…