Reducing the VAT (value added tax) by 2% has been the most practical solution to stimulate consumption and production.

Although 2023 is forecast to see many difficulties, experts expect this is a recovery year of the retail sector after COVID-19 pandemic as there are many signs showing the return of investors and higher demands.

VOV.VN - The Vietnamese economy will continue to expand vigorously in 2023 on the back of its strong recovery in the previous year, according to Standard Chartered.

The inflationary pressure on Vietnam in 2023 may not be high, said experts at a conference in Hanoi on January 4.

The Ministry of Planning and Investment (MPI) has well performed its role as a strategic advisor of the Government, especially in COVID-19 prevention and control and socio-economic recovery and development strategies, Prime Minister Pham Minh Chinh said at a year-end conference held by the ministry in Hanoi on January 4.

Under the sound leadership of the Party Central Committee and with the motto “Solidarity, discipline, active adaptation, safety, efficiency and economic recovery”, the Government and the entire country have overcome challenges and reaped achievements in all spheres, laying foundation for 2023 and subsequent years.

VOV.VN - The consumer price index (CPI) recorded annual growth of 3.15%, while the average core inflation this year rose by 2.59% compared to 2021’s figures, fulfilling the set target by the National Assembly, the General Statistics Office (GSO) revealed on December 29.

Credit growth reached about 13% this year as of December 27, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu told a press conference in Hanoi on tasks for the banking sector next year.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has directed banks to continually reduce input costs with an aim to cut loan interest rates.

The Vietnamese tourism industry is on the road to recovery back to pre-pandemic levels, with favourable conditions for tourists in terms of destination access, simplified immigration procedures, and extended visa duration, according to Vietnam Report JSC.