FOCUS ON BIG INVESTORS MAKING A DIFFERENCE
Tran Anh Vu, deputy general director of the Ministry of Foreign Affairs’ (MoFA) Department of General Economic Affairs, told VIR that in 2023, Vietnam will continue carrying out group-oriented diplomatic activities to lure in big projects worth billions of US dollars, in the context of increasing competition in luring this kind of funding in the region.
VIETNAM’S GDP EXPANDS BY 8,02% IN 2022
Vietnam’s GDP growth reaches 8.02% this year, a record high in the 2011-2022 period as the economy is recovering strongly, General Director of the General Statistics Office (GSO) Nguyen Thi Huong told a press conference in Hanoi on December 29.
VIET NAM - A BRIGHT SPOT IN THE GLOBAL ECONOMIC LANDSCAPE
Foreign experts have dubbed the Vietnamese economy as a miracle in Asia and a bright spot of economic growth in Asia-Pacific as a result of the Vietnamese Government’s sound and effective economic management policies.
TEN MOST NOTABLE EVENTS OF INDUSTRY, TRADE SECTOR ANNOUNCED
Việt Nam's industry and trade sector has obtained encouraging results in 2022, contributing to the national socio-economic development. The following is a list of the ten most outstanding events of the year as selected by the Ministry of Industry and Trade (MoIT).
ANTICIPATED GDP GROWTH RATE FOR 2022 HITS 8.02 PER CENT
This is the greatest rise since 2010. According to the GSO, the GDP growth rates for the years 2011 through 2021 stood at 6.41 per cent, 5.50 per cent, 5.55 per cent, 6.42 per cent, 6.99 per cent, 6.69 per cent, 6.94 per cent, 7.47 per cent, 7.36 per cent, 2.87 per cent, and 2.55 per cent respectively.
VIETNAM’S 2022 TRADE TURNOVER EXCEEDS US$730 BLN
Vietnam is set to fetch US$732 billion in foreign trade this year, representing an annual rise of 10%, said the Ministry of Trade and Industry at a year-end meeting in Hanoi on December 26.
FDI DISBURSEMENT SETS NEW RECORD IN 2022
The total disbursed volume of foreign direct investment (FDI) in 2022 has reached a new record of US$22.4 billion, up 13.5 percent over the previous year, according to the Ministry of Planning and Investment.
CONSUMERS TIGHTEN THEIR WALLETS, RETAIL INDUSTRY FACES DIFFICULTIES
The consumer outlook report from VNDirect Securities Corporation shows that the pent-up consumption trend during the pandemic is gradually decreasing in the context of rising interest rates and a weakening Vietnamese đồng making consumers tighten their purse strings.
