The International Monetary Fund (IMF) warned that geopolitical tensions and the consequence of the global economy fragmenting will increase risks to financial stability. The instability of the global economy, the inefficient performance of major economies, high inflation and a sharp drop in investment, are also factors that restrain the growth momentum of many regions.
Vietnam's economy will grow by 6.6% this year and at a similar rate in 2024, according to a report released on March 31 by the Organisation for Economic Co-operation and Development (OECD).
Hanoi recorded year-on-year growth of 8.89% in gross regional domestic product ( GRDP ) in 2022, higher than the target of 7 - 7.5%, according to the municipal Statistics Office.
An article published on Belgium’s brusselstimes.com on December 12 hailed Vietnam as a sustained development partner and destination of foreign investment for the European Union (EU) in Southeast Asia.
The private sector has not only helped expand production, trade, and services but also made an important contribution to improving labour productivity, promoting innovation, and increasing national competitiveness. The strong rise of many Vietnamese private enterprises has not only enabled them to dominate the domestic market but also gained a foothold in international markets.
