It’s a big challenge for the economy to reach this year’s GDP growth target of 6.5%, and economic expansion is hoped to be boosted by some important demand factors in the second half of 2023, experts have said.

VOV.VN - Although the growth rate has slowed down amid global economic difficulties, Vietnam is outperforming most countries in the world, and is regarded as an attractive destination for direct foreign direct investment (FDI) in the manufacturing sector.

VOV.VN - Vietnam is relying too much on monetary policies in order to stimulate demand. However, loosening lending standards and lowering interest rates serve to reduce asset quality, thereby creating asset bubbles, according to economic experts.

Experts gave recommendations to restore aggregate demand and promote growth in the new context at the mid-year macro-economic roundtable in Hanoi on July 11.

VOV.VN - Vietnam’s economic growth this year can reach up to 6.46% in the best-case scenario, the Central Institute for Economic Management (CIEM) announced during a workshop organised on July 10 in Hanoi.

VOV.VN - Despite Vietnam’s GDP in the second quarter rising by a higher-than-expected pace of 4.1% on-year, HSBC reduced the growth forecast for 2023 to 5.0% from the previous figure of 5.2% due to mounting broad-based challenges, according to July’s HSBC report “Vietnam at a glance”.

VOV.VN - The nation is poised to resume rapid economic growth over the medium-term economic outlook, with the “rising star” being one of the fastest growing emerging markets in Asia, according to details given by foreign newswires.

The Ministry of Planning and Investment (MPI) has built two scenarios for GDP growth in the second half of the year, based on the situation in the first half.

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

VOV.VN - The International Labour Organisation (ILO) is always an important and trustworthy partner of Vietnam, National Assembly Chairman Vuong Dinh Hue said at a reception for ILO Director-General Gilbert F. Houngbo in Hanoi on June 30.