In the context of the global economic downturn and the lingering impact of challenges on the recovery process, many international organisations continue to highlight Vietnam’s positive economic outlook in 2023 thanks to the government's concerted efforts in boosting socio-economic recovery.

The United Overseas Bank (UOB) has lowered its 2023 economic growth forecast for Vietnam from 6% to 5.2%, and forecast that Vietnam will continue to cut regulatory interest rates in the third quarter this year to stimulate its economy.

Vietnam can return to high growth rates over the medium term, as structural reforms are implemented, Division Chief of the International Monetary Fund (IMF)’s Fiscal Affairs Department Paulo Medas has said.

Vietnamese and Italian experts looked into theories on the path towards socialism in Vietnam at a roundtable seminar in Rome on June 30.

All economic sectors should actively implement drastic and synchronous measures to promote growth and overcome difficulties in the rest of the year, aiming to complete this year’s target of 6.5% in GDP growth, according to General Director of the General Statistics Office (GSO) Nguyen Thi Huong.

Prime Minister Pham Minh Chinh's official visit to China has contributed to concretising the common perceptions of the two Party General Secretaries, especially the joint statement on continuing to promote and deepen the Vietnam-China comprehensive strategic cooperative partnership issued in December 2022, said Minister of Foreign Affairs Bui Thanh Son.

The State Bank of Vietnam (SBV) has cut regulatory interest rates for four consecutive times since the beginning of this year, in the context that world interest rates continue to rise and stay at a high level.

Credit growth since the start of 2023 remains low, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said, blaming that fact on both subjective and objective causes.

The State Bank of Vietnam (SBV) has delivered cuts to its policy rate three times in less than three months, each time of 50 basis points, to assist the country’s economic growth via the credit channel.

Strengthening regional linkages and harnessing the strengths of each province and city is crucial to promoting sustainable and green exports, according to experts at a recent forum on the subject held in Ho Chi Minh City.