Today: 28/03/2023 13:13:19 (GMT+7)

International media commend Vietnam’s economic growth

Several foreign news agencies and media groups have hailed Vietnam's booming economy with a GDP growth rate of 8.02% this year.

According to, the Asian Development Bank (ADB) believes that Vietnam's economy is growing well in the context of global economic uncertainty and challenges.

International media, Vietnam’s economic growth, foreign news agencies, booming economy, GDP growth rate

International media commend Vietnam’s economic growth.

Singapore’s commented that Vietnam’s economy grew at the fastest pace in Asia this year. The US’s CNN called it the fastest growth rate since 1997, while the UK’s BBC stressed that it was the highest growth posted from 2011-2022, the main driver of which was the export sector and strong retail sales.

According to Russia’s Sputnik news agency, thanks to this miraculous economic growth, low inflation, booming imports-exports, political stability and brilliant diplomatic successes, Vietnam had emerged as one of the rare spotlights in the gloomy landscape of recession and crisis covering the world.

It quoted the World Trade Organisation (WTO) ranking as saying that, Vietnam has continuously been named in the group of 30 countries and territories with the biggest trade value globally. In particular, while many ASEAN countries have not moved up in the rankings in recent years, Vietnam has leapt with a total trade value of over 700 billion USD this year.

Bloomberg said in the fourth quarter of 2022, Vietnam’s economy grew faster than expected this year, signalling momentum towards a recovery following the pandemic.

The better-than-expected showing gives Vietnam’s central bank the space to wait and watch, before deciding to pivot monetary policy away from tightening, it added.

However, Reuters and Hong Kong’s, though the economy in 2022 grew at the fastest pace in many years, economists warned it is facing headwinds ahead, with weakening global demand having already impacted shipments.

PM attends Vietnam-Luxembourg business forum
Prime Minister Pham Minh Chinh attended a business forum as part of his visit to Luxembourg on December 9 (local time).
US to help Vietnamese businesses trade globally
The U.S. will help smaller Vietnamese businesses join global markets, said a U.S. trade official who already views the Southeast Asian nation as an integral part of his country’s supply chain.
Bac Giang accompanies business in digital transformation
(BGO) – Sharply grasping and applying technologies, many businesses in Bac Giang province have boldly conducted digital transformation, used modern equipment in production to enhance labour productivity and business efficiency.
Bac Giang creates utmost favorable condition for business to handle procedure
(BGO) – On November 30, the Permanent Vice Chairman of Bac Giang provincial People’s Committee (PPC) Mai Son chaired a meeting to review and evaluate the implementation of sub-indices in provincial competitiveness index (PCI).
Business links to production household to consume Bac Giang lychee
(BGO) – The Hanoi based Phuc Lam Trading and Service Development Company Limited has inked lychee consuming contract with group of lychee producing households in line with GlobalGAP standard in Chao village, Giap Son commune (Luc  Ngan district), reported Truong Thi Bay, representative of the group.   

Source: NDO

International media, Vietnam’s economic growth, foreign news agencies, booming economy, GDP growth rate
New comment has just been added. Click here
Sort:NewBest News