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.

The Vietnamese economy has recorded positive indexes this year, reflecting its stability and development amid overlapping crises, said Prof. Vladimir Mazyrin, director of the Centre for Vietnamese and ASEAN Studies under the Institute of China and Contemporary Asia.

VOV.VN - For the first time this year Vietnam’s foreign trade has hit the US$700 billion mark, marking a bright spot in the overall picture of the national economy amid global market volatility.

VOV.VN - Prime Minister Pham Minh Chinh is set to chair the Vietnam Economic Forum (VEF) 2023 to identify opportunities and challenges facing the Vietnamese economy next year, according to the Central Economic Commission.

Prime Minister Pham Minh Chinh received Chief Operating Officer of Nike, Inc., Andy Campion in Hanoi on December 1, speaking highly of the firm’s contributions to Vietnam’s exports and job creation in the recent past.

VOV.VN - The Vietnamese economy is expected to continue facing obstacles in the time ahead due to unfavourable factors locally and globally, the World Bank said in its November economic update released on November 16.

VOV.VN - Austrian media outlet Kronen Zeitung recently published an article describing the booming Vietnamese economy boasting a strong wave of investment from European firms, including those from Austria.

The Vietnamese economy is likely to grow 10% year on year in the third quarter of this year, driven by strong domestic consumption, according to Michael Kokalari, chief economist at VinaCapital, one of the country’s leading investment management and real estate development companies.

Vietnam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN +3 Regional Economic Outlook.