VOV.VN - Vietnamese economy remains resilient, and recovery is expected to pick up in the near term, driven by strong domestic consumption, which is supported by moderate inflation, an acceleration of public investment, and improved trade activities, said the Asian Development Bank (ADB)'s Country Director for Vietnam Shantanu Chakraborty.

The United Overseas Bank (UOB) has maintained its economic growth forecast for Vietnam at 5.2% for 2023 and 6% for 2024 while forecasting that Vietnam will continue to cut regulatory interest rates in the remaining months of this year to balance economic growth and inflation pressure.

VOV.VN - Standard Chartered has predicted that Vietnam's GDP growth will reach 5.1% in Q3, up from 4.1% recorded in the previous quarter.

VOV.VN - Vietnam has continued to strongly attract foreign direct investment (FDI) thanks to its advantages such as macroeconomic stability, low inflation, and high GDP growth amid global uncertainties, said Deputy Minister of Planning and Investment, Tran Quoc Phuong.

Vietnam’s economy has begun to gather steam again since the start of the third quarter of this year, helping consolidate confidence of businesses and investors, experts have said.

As inflation is reported to be under control, there is room to adjust prices of State–managed goods and services in the remaining months of this year.

Reducing cost is top priority for Vietnamese businesses as high inflation has affected 94% of businesses surveyed in 2022, according to a new study by the Singapore-based United Overseas Bank (UOB).

VOV.VN - Vietnam’s phones, components and computers faced an unprecedented decline in export orders between the fourth quarter of last year and the first half of this year due to high inflation coupled with an economic downturn in major markets, according to details given by the Ministry of Industry and Trade.

VOV.VN - Vietnamese tuna exports to Israel during the initial five months of the year skyrocketed by 83% to nearly US$21 million despite experiencing a downward trajectory in some major markets throughout the Middle East, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - Vietnam exported approximately 766,000 tonnes of rubber worth US$1.05 billion in the first six months of 2023, down 2.6% in volume and down 22.9% in value against the same period last year, according to the General Department of Vietnam Customs.