Amid the global economic recession, Vietnam’s industrial growth in 2023 may experience a slight decline, but agricultural output is expected to increase modestly, according to experts.

Retail stocks have dropped significantly due to the decline in business results in the context of the global economic recession and high interest rates.

VOV.VN - Local export and logistics businesses are anticipated to enduring difficulties moving forward due to factors such as high inflation and the risk of a global economic recession, according to insiders.

VOV.VN - The flow of overseas remittances to Ho Chi Minh City stood at an estimated US$4.78 billion during the opening nine months of the year, equal to 68% of the amount recorded in 2021, the State Bank of Vietnam’s branch in the southern city has reported.

VOV.VN - Vietnam exported 382,000 tonnes of cashew nuts abroad worth US$2.29 billion during the opening nine months of the year, down 10.6% in volume and 14% in value year on year, according to figures given by the General Department of Vietnam Customs.

The domestic paper industry has achieved good growth in the past five years and expects to maintain the momentum until 2025 driven by demand for tissue and packaging paper, according to the industry business group.