Credit growth reached about 13% this year as of December 27, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu told a press conference in Hanoi on tasks for the banking sector next year.

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%.

Country Director of the Asian Development Bank (ADB) in Vietnam Andrew Jeffries has attributed Vietnam’s economic growth in 2022 to a strong performance across sectors.

VOV.VN - The fifth Vietnam Economic Forum is scheduled to take place in Hanoi on December 17 to examine ways to stabilize the macro-economy, ensure major balances, and firmly overcome challenges in 2023.

A Vietnamese company has filed a lawsuit against Amazon asking for US$280 million. Amazon has not commented on the case yet.

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.

VOV.VN - Despite facing COVID-19 restrictions put in place by China, local pangasius exports to both the China and Hong Kong markets witnessed an impressive growth of 79% to US$675 million during the opening 11 months of the year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Two drivers of Vietnam's economic growth – exports and domestic demand – are moderating, according to a report released by the World Bank (WB) on December 14.