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.

VOV.VN - The Asian Development Bank (ADB) has raised its economic growth forecast for Vietnam this year to 7.5%, despite regional and global gloom, the bank said in a regular supplement to the Asian Development Outlook (ADO) 2022 released on December 14.

VOV.VN - Vietnamese Prime Minister Pham Minh Chinh, during his talks in Brussels with his Belgian counterpart Alexander De Croo on December 13, suggested Belgium soon ratify the EU – Vietnam Investment Protection Agreement (EVIPA) to facilitate investment cooperation between Vietnam and the EU as well as Belgium.

The State Bank of Vietnam (SBV)’s recent decision to revise up the 2022 credit growth target of the banking system has eased access to bank loans amid a credit crunch, especially at the peak season to prepare for Lunar New Year (Tet).

VOV.VN - Prime Minister Pham Minh Chinh had a meeting with the Grand Duke of Luxembourg, Henri, at the Grand Ducal Palace on December 10 as part of his official visit to the European nation.

Vice President of the Vietnam Innovation Network in Europe (VINEU) Dr. Cao The Anh has said the VINEU expects to contribute to the homeland's development via B2B matching, technological transfer and launch of projects for the country’s sustainable growth.

The State Bank of Vietnam (SBV)’s recent decision to increase credit room by 1.5-2% for credit institutions aims to increase resources and the supply of credit to businesses and key sectors of the economy, SBV Deputy Governor Dao Minh Tu has said.

The State Bank of Vietnam has raised the domestic banking system’s credit growth by 1.5-2.0 percentage points from the previous 14% limit on December 5.

The night-time economy of major cities in the country has remained underdeveloped due to a lack of proper investment and an absence of a legal framework and policies to promote it, authorities said.

Vietnam’s economic growth is forecast to reach 8% this year before falling to 6.5% in 2023. The strong growth has created a positive “platform” for investment and business activities, especially mergers and acquisitions (M&A).