WB forecasts Vietnam’s 2023 growth at 6.3%
Vietnam’s economic growth is projected to ease to 6.3% in 2023 from a robust 8% last year, as services growth moderates and higher prices and interest rates weigh on households and investors.
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With the economy gradually bouncing back, Vietnam is expected to see its public debt stay within permissible limits, ensuring national financial security.
Vietnam’s central bank unexpectedly cut its discount rate to 3.5% from 4.5% in an attempt to boost economic growth amid global uncertainties.
Measures have been taken to boost domestic trade to maintain an 8-9% growth rate per year, according to the Ministry of Industry and Trade (MoIT).
Vietnam’s economic growth is projected to ease to 6.3% in 2023 from a robust 8% last year, as services growth moderates and higher prices and interest rates weigh on households and investors.
The Vietnamese Government hopes to promote two-way trade with the Republic of Korea (RoK), targeting to reach US$100 billion this year and US$150 billion by 2030 in a more balanced manner.
VN’s foreign exchange reserves reach US$92.43 billion
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