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.

VOV.VN - Vietnam’s gross domestic product (GDP) this year witnessed the highest growth of 8.02% for the past 11 years, with GDP in the fourth quarter increasing by 5.92% on-year, higher than the growth rate over the recent two years, the General Statistics Office (GSO) announced on December 29.

VOV.VN - Vietnam and India must deepen their comprehensive strategic partnership, especially in terms of economic co-operation, to gradually bring the two-way trade turnover to more than US$15 billion, a figure which has been maintained for years.

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%.

Given the little room left for monetary policy to add stimulus to the economy, fiscal policy would be the engine of growth next year, according to Ho Sy Hung, vice chairman of the Commission for the Management of State Capital at Enterprises.

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.

The Ministry of Science and Technology, UNDP in Vietnam, and UNDP SDG Impact co-hosted a conference in Hanoi last week with policymakers, experts, investors, and businesses to explore barriers and opportunities to unlocking private investment to accelerate the development of science and technology (sci-tech) and innovation in Vietnam.