After a sluggish GDP performance in the first quarter this year, Vietnam is still not out of the woods yet. In particular, it has not seen the light at the end of the tunnel on the trade front, according to an HSBC report.

VOV.VN - The Vietnamese economy will record steady growth of 6.5% this year and 6.6% in 2024, according to a report released on April 26 by the Organization for Economic Co-operation and Development (OECD).

VOV.VN - Vietnamese gross domestic product (GDP) grew by 3.32% in the first quarter of the year, the second lowest rate in the 2011 - 2023 period, according to the General Statistics Office (GSO).

Vietnam’s economy is well supported by its policy, but headwinds in the world’s financial market, with risks from the European and American financial systems, have caused concern.

Investment management firm VinaCapital said it expects Vietnam’s economy and stock market to “normalise” this year after the COVID-19 pandemic.

Despite near-term trade headwinds, tourism has emerged as a source of growth for Vietnam to mitigate the challenges ahead in 2023, according to the “Vietnam at a glance” report released by HSBC on February 6.

VOV.VN - Vietnam showed signs of undergoing a socio-economic recovery throughout 2022, with GDP growth hitting 8.02% and international arrivals reaching 3.6 million, a 23.3-fold increase compared to the previous year.

Indonesian well-known scholar Prof. Aleksius Jemadu has said that Indonesia and Vietnam have a lot of potential to strengthen relations in economy, trade, and investment, and jointly promote and maintain regional stability thanks to their traditional relationship and shared view on issues.

VOV.VN - For the first time in history Vietnam’s 2022 import-export value has surpassed the US$700 billion mark, up 15% year on year.

Infrastructure investment, trade environment and competitive wages are three factors that keep Vietnam’s economy humming along and its growth numbers positive, according to an article published on the vietnam-briefing.com.