Vietnam continues to be an important link in global supply chain

During the event, Deputy Minister of Foreign Affairs Nguyen Minh Hang highlighted the challenges faced by the global economy, including inflation, conflicts, and economic security risks, and emphasized the importance of the research presented by Standard Chartered in helping ministries, sectors, localities, and businesses to evaluate the latest trends and build products and business plans.

Experts from various sectors, including economic experts, representatives from ministries and industries, and businesses, discussed the opportunities and challenges for Vietnam's macroeconomic growth and stability, with a focus on promoting sustainable economic development and green trade. 

Michele Wee, CEO of Standard Chartered Vietnam, expressed confidence in Vietnam's prospects for development in the medium and long term, bringing growth potential and attracting investment.

According to Tim Leelahaphan, Standard Chartered's economist responsible for Thailand and Vietnam, following the recovery of growth in 2022, Vietnam's economy is expected to grow strongly with a GDP growth rate of 7.2% in 2023 and 6.7% in 2024. 

However, Vietnam's economy in the first half of 2023 will still face some macroeconomic risks such as inflation, public debt, and restoring trust. 

Nonetheless, Vietnam will continue to be an important link in the global supply chain and a destination chosen by many businesses.

The seminar was part of Standard Chartered Bank's efforts to contribute to the sustainable development of Vietnam and the business community and was also one of the activities of the Ministry of Foreign Affairs in implementing the Government's Action Program to implement Directive 15 of the Party Central Committee on economic diplomacy for the country's development by 2030.

Source: Bao Tin Tuc