VOV.VN - Singapore-based United Overseas Bank (UOB) has raised Vietnam’s projected GDP growth this year to 7% thanks to the country’s impressive economic growth recorded in the second quarter of the year.

VOV.VN - Vietnam showed signs of undergoing a socio-economic recovery in the first six months of 2022, with GDP growth hitting 6.42% and international arrivals reaching 601,982, a seven-fold increase compared to the same period last year.

VOV.VN - Though international organisations continuously downgrad their global growth forecasts for this year, many have maintained their projection that Vietnam’s GDP growth would be the highest in Southeast Asia.

A Ho Chi Minh City programme to link banks and businesses has seen around VND93 trillion (US$3.97 billion) disbursed so far this year to help revive the economy which was battered for two years by the COVID-19 pandemic.

VOV.VN - The World Bank has made key recommendations to help Da Nang, a centrally-run city in central Vietnam, address development challenges and consolidate its role as a growth pole in the region.

The economic recovery across the South-East Asian region has been uneven and must now contend with rising external headwinds from outside the region.

VOV.VN - Singapore-based United Overseas Bank (UOB) has maintained Vietnam’s GDP growth forecast at 6.5% and inflation at 3.7% for this year, although it anticipates inflation would rise to 5% ahead in 2023.

Ho Chi Minh City recorded growth of 3.82% in gross regional domestic product (GRDP) in the first half of 2022, according to its Statistics Office.

Vietnam’s credit growth as of June 9 expanded by 17.09% against the same period last year, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said on June 15.

Vietnam’s economy glimmers with bright prospects but faces new challenges, given the fact that the COVID-19 pandemic has yet to end and global political and economic shocks continue.