Despite many difficulties due to increasing interest rates, the pressure on the capital market is expected to decrease gradually in 2023, experts forecast.

State budget revenue in 2023 is projected at VND1.62 quadrillion (US$68.5 billion), up 0.4% from 2022, according to a report on state budget, which was exclusively made for the public.

VOV.VN - With this year seeing Vietnam’s GDP growth rate reach a 11-year record high of 8.02%, the local economy has made an impressive recovery amid global uncertainties, according to insiders.

Vietnam's industrial sector grew by 9% in 2022, according to a report published on December 26 by the Ministry of Industry and Trade (MoIT).

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%.