Print article

International media highly appreciate Viet Nam's economic prospects

VGP - The Lao Journalists Association’s website has recently published an article praising Viet Nam’s experiences for good economic growth in the context of global downturn.

Posts Thuy Duong

January 09, 2023 2:35 PM GMT+7
International media highly appreciate Viet Nam's economic prospects - Ảnh 1.

Illustration photo

The article emphasised that Viet Nam recorded good economic growth in the context of the world facing economic recession, inflation, and unemployment in the past three years.

Additionally, Viet Nam's education reform has contributed to improving the quality of human resources. Along with that, the Vietnamese Government's focus on investing in infrastructure development helps the national economy grow well in 2022 and the coming years.

According to the article, experts believe that in 2023, the world economy will continue to decline and face many difficulties. Major economies such as the U.S., China, and those in the EU are forecast to grow slowly.

However, Viet Nam is likely to sustain stable growth because it has attracted investors and issued suitable policies for local currency management.

In the same vein, the East Asia Forum website ( has just published an article by Professor David Dapice, a senior economist at the Ash Center for Democratic Governance and Innovation, Harvard University (US).

The article states that Vietnam's economy has recovered strongly in 2022, after two years of being affected by the Covid-19 epidemic.

Specifically, Viet Nam's exports in the first 11 months of 2022 recorded a higher growth than imports. Tourism recovers from 2021 lows, supporting strong growth in services.

Besides, Viet Nam's economy has strengths to offset challenges. Inflation was recorded at a low single-digit rate and the depreciation of the local currency against the US dollar was lower than in many other countries.

With tight fiscal policy, most Vietnamese banks have the strength of abundant capital. Foreign direct investment in manufacturing will also support growth and structural transformation of Viet Nam's economy. Also, joining free trade agreements helps Viet Nam easily access the world market./.