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Despite the Vietnamese economy’s growth being lower than expected in 2023, it remains among the fastest growing in the region thanks to corporate confidence bouncing back.
Vietnam’s gross domestic product (GDP) growth rate is estimated at 5.05 per cent in 2023, the General Statistics Office (GSO) announced on December 29.
President Joe Biden will visit Vietnam next week to meet with that nation's top officials, including General Secretary Nguyen Phu Trong, in a bid to "deepen cooperation," the White House said Monday.
Economic growth has slowed in 2023 as tighter financial conditions weakened investment and consumer demand. Market adjustment to changing conditions in Vietnam has been held back by poor compliance with corporate reporting rules in both the private and public sectors.
The Vietnamese economy is gradually bouncing back. Paulo Medas, mission chief for Vietnam at the International Monetary Fund, spoke to VIR’s Thanh Tung about how it assesses the country’s performance.
Prime Minister Pham Minh Chinh chaired a meeting between permanent Government members and the executive committee of the Vietnam Association of Small and Medium Enterprises (SMEs) in Hanoi on July 6 to seek solutions to challenges facing SMEs.
In the context of the global economic downturn and the lingering impact of challenges on the recovery process, many international organisations continue to highlight Vietnam’s positive economic outlook in 2023 thanks to the government's concerted efforts in boosting socio-economic recovery.
The current trends in economic and trade cooperation between Vietnam and the US guarantee big growth in two-way trade and investment in next 10 years and warrant upgrading the partnership to a strategic level, said Ted Osius, President and CEO of the US - ASEAN Business Council (USABC).
Many legislators have expressed their hope that solutions to be devised at the ongoing fifth session of the 15th National Assembly (NA), opened on May 22 morning, will soon tackle difficulties to regain growth momentum for the economy to reach this year’s targets and create favourable conditions for the coming years.