Vietnam looks to market forces to boost growth Vietnam hopes to increase growth through market forces.

🍇 How will Vietnam achieve its 2023 National Assembly target of 6.5 percent growth? Vietnam Economic News’ Nguyen Hoa put the question to Dr. Nguyen Quoc Viet, Deputy Director of the Vietnam Institute for Economic and Policy Research (VEPR).

🌻How will Vietnam’s 6.5 percent growth target set by the National Assembly in 2023 be accomplished? Nguyen Hoa of Vietnam Economic News posed the query to Dr. Nguyen Quoc Viet, Deputy Director of the Vietnam Institute for Economic and Policy Research (VEPR).

🍇 How do you assess Vietnam’s economic growth in 2022?
🌻 How do you see Vietnam’s economic growth in 2022?
🌻 How do you evaluate Vietnam’s economic growth in 2022?

🍇 Vietnam’s economy recovered faster than that of other countries in the region, notably Asian countries in comparable circumstances. We expect to achieve or exceed 14 of the 15 socioeconomic development goals set by the Government and the National Assembly for 2022, conclusive proof of Vietnam’s successful post-pandemic recovery.

🌻 Vietnam’s economy recovered faster than that of other countries in the region, particularly Asian countries in similar situations. We anticipate meeting or exceeding 14 of the 15 socio-economic development goals set by the Government and the National Assembly for 2022. This will serve as concrete evidence of Vietnam’s post-pandemic recovery’s success.

🍇 Vietnam achieved international affairs accomplishments in addition to economic growth successes in 2022. This is demonstrated not only by the massive inflow of foreign direct investment (FDI), but also by the country’s performance in the global value chain. Various farm products have been exported via official trade channels to major markets with high standards, raising the value of the country’s exports.

🌻 In 2022, Vietnam achieved success in both international affairs and economic growth. This is demonstrated by both the country’s performance in the global value chain as well as the significant inflow of FDI (foreign direct investment). The value of the nation’s exports has risen as a consequence of the exportation of numerous farm products through official trade channels to important markets with high standards.

🍇 According to the General Statistics Office of Vietnam, the eleven-month export value has already topped 2021, and the trade surplus has exceeded US$10 billion. This demonstrates how swiftly Vietnam is reaping the benefits of its free trade agreements (FTAs). Exports significantly contributed to Vietnam’s economic growth in 2022, laying the ground for further growth in 2023.

🌻 According to Vietnam’s General Statistics Office, the eleven-month export value has already surpassed 2021, and the trade surplus has exceed US$10 billion. This demonstrates how speedily Vietnam is benefiting from its free trade agreements (FTAs). Vietnam’s economy grew significantly in 2022, setting the stage for additional growth in 2023 thanks in large part to exports.

🍇 However, in 2022, the Vietnamese economy still faced numerous obstacles that must be addressed. Specifically, disbursement of public investment was still slow and economic growth stimulus packages did not achieve the expected results. If these two elements could have been improved, Vietnam’s economic development in 2022 would have been significantly greater.

🌻 The Vietnamese economy, however, still had a number of challenges to overcome in 2022. Particularly, public investment distribution remained slow, and economic growth stimulus plans did not have the expected effects. Vietnam’s economic growth in 2022 would have been significantly greater if these two factors could have been improved.