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.

Prime Minister Pham Minh Chinh on November 26 stressed the need for a new mindset, new breakthroughs, and new values to promote the development of the southeastern region.

VOV.VN - Vietnamese Deputy Minister of Industry and Trade Tran Quoc Khanh and South African Deputy Minister of Trade, Industry and Competition Nomalungelo Gina co-chaired the fifth meeting of the Vietnam-South Africa Joint Trade Committee on November 24 in Johannesburg in the Republic of South Africa.

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 - Ensuring a fair, transparent, and efficient international trading system is crucial in a global “playground”, stated President Nguyen Xuan Phuc, highlighting major requirements and characteristics of trade and investment activities moving forward.