Vietnam economic forum examines ways to deal with global turbulence in 2023

Prime Minister Pham Minh Chinh will attend and chair the forum.

Initial statistics show Vietnam has stabilized the macro-economy, and ensured the major balances of the economy this year.

By the end of 2022 year, the Vietnamese economy is projected to expand by 8% - the highest growth rate since 2011 and the highest in the region.

About 14 out of 15 economic targets have been met while the country’s foreign trade has exceeded the US$700 billion mark for the first time.

The number of newly established businesses and those returning to operation has increased. Inflation has been kept at an average of about 3%.

Many international organisations and financial institutions have highly appreciated the country’s economic development gains in 2022.

Vietnam has promulgated many important guidelines to set orientations and policies for economic development in the medium and long terms, creating a new driving force for economic growth in 2023 and beyond.

In 2023, the world economy is predicted to fall into recession. In addition, other global complications, including changing geopolitical landscape, strategic competition between major powers, energy crisis in Europe, the protracted Russia-Ukraine conflict are likely to exert a big impact on development policies and financial markets as well as energy and food security of countries, including Vietnam.

The fifth Vietnam Economic Forum will discuss and clarify challenges faced by the national economy, and introduce solutions to stabilize the macro-economy, ensure major balances, and firmly overcome those challenges in 2023 and beyond.