Faster-than-expected GDP growth, the upgrade of Vietnam’s credit ratings, and big fluctuations in the corporate bond market are among notable events of the Vietnamese economy in 2022.

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.

VOV.VN - Following Vietnam’s full reopening, HSBC experts have moved to raise the Vietnamese GDP growth forecast for this year to 8.1%, although they also lowered the country’s growth forecast for 2023 to 5.8%.

Vietnam’s strong economic performance in 2022 has been driven by several factors, including export, domestic demand and private investment, according to Andrea Coppola, the World Bank (WB)’s lead economist.

Strong purchasing power and demand have created a fast and strong locomotive for economic growth, and Vietnam is forecast to record a GDP growth rate of over 8% this year, said Executive Chairman of Dragon Capital Dominic Scriven.

VOV.VN - The National Assembly passed a resolution on socio-economic development tasks for 2023 at its year-end session on November 10, with GDP projected to expand by 6.5%.

A forum discussing ways to help small- and medium-sized enterprises (SMEs) to accelerate digital transformation took place in Hanoi on November 9.

Vietnamese’s gold demand was estimated to total 12 tonnes of jewellery, bars and coins in the third quarter of this year, representing a rise of 264% year-on-year, according to the latest report by the World Gold Council.

Shen Weihua, deputy head of the Vietnamese department under the China Central Television (CCTV), has expressed her impression on the economic management efficiency of the Vietnamese government in the first nine months of this year.

VOV.VN - A number of international financial institutions have recently described Vietnam as an economic bright spot amid a gloomy outlook for the global economy.