The index of industrial production (IIP) in April was estimated to increase by 3.6% month on month and by 0.5% over the same period last year, according to the General Statistics Office (GSO).

Moody’s Investor Service has forecast that Vietnam’s forex reserves excluding gold will rebound to US$95 billion by the end of the year as the State Bank of Vietnam rebuilds its stockpile.

VOV.VN - The Ministry of Finance has developed several scenarios to gauge Vietnamese inflation this year, with the ultimate figure likely to be kept at between 3.9% and 4.8%.

In the face of domestic and international economic difficulties, the most effective support for enterprises is to create an equal, open and transparent business environment, according to Do Thi Ngoc, head of the General Statistics Office (GSO)'s Department of General Statistics.

Domestic steel demand is expected to keep falling due to the property market slump and tightened monetary policy, economic downturn in many export markets and a rise in supply making the outlook for the industry in 2023 poor, analysts said.

Although the economy was forecast to continue facing difficulties and challenges in 2023, there were silver linings to pin hope on, experts said.

Deputy Managing Director of the International Monetary Fund (IFM) Antoinette Sayeh has lauded Vietnam for its high economic growth and controlled inflation over the past years despite global uncertainties.

After hitting a record low in 2022, Vietnam’s money supply (M2) will rebound in 2023 and become an important driver for the recovery of the stock market, KB Securities Vietnam (KBSV) forecast.

The Singapore-based United Overseas Bank (UOB) has kept its forecast for Vietnam's GDP growth in 2023 unchanged at 6.6% in line with the official forecast of 6.5%, although growth momentum is likely to be weaker.

Vietnam's industrial sector grew by 9% in 2022, according to a report published on December 26 by the Ministry of Industry and Trade (MoIT).