Vietnam’s economy keeps expanding over past 8 months
(VOVWORLD) - Vietnam’s economic recovery continued to gain steam over the past 8 months, with the macro-economy stabilized, inflation controlled, and major economic balances ensured, according to Tuesday’s cabinet meeting reviewing socio-economic development since the beginning of the year.
The consumer price index (CPI) in the reviewed period rose 2.58%, equivalent to the level recorded from 2018-2021, budget collection was up more than 19% year on year, and a trade surplus of nearly 4 billion USD was recorded.
Important infrastructure projects such as Van Don-Mong Cai and Ha Long-Mong Cai Expressways in Quang Ninh province and Thu Thiem 2 Bridge in HCM city were put into operation.
Minister of Planning and Investment Nguyen Chi Dung said that many reputable organisations and experts are optimistic about the outlook of the Vietnamese economy, noting that the World Bank predicted a 7.5% increase in Vietnam’s GDP growth for 2022 and 6.7% for 2023, while the Asian Development Bank and the International Monetary Fund also forecast that the figure may reach 6.5% and 6%, respectively, for this year.