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

ABO/NDO- 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).

Moody’s, the World Bank (WB), the International Monetary Fund (IMF), and the Asian Development Bank (ADB) have projected Vietnam will achieve a GDP growth of 8.5%, 7.2%, 7% and 6.5%, respectively, this year, he said.

The economy is back on track, Son said, noting that the GDP growth hit 13.6% in the third quarter of 2022 and 8.83% in the first nine months 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 and fisheries sector expanded 2.99% year-on-year; industry and construction, 9.63%; and services, 10.57%.

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

(Source: NDO)