It will not be easy to keep inflation at 4.5% this year as targeted, economic expert Nguyen Bich Lam, former General Director of the General Statistics Office (GSO), has said.

Despite dealing with a serious gas supply crisis, the European Union (EU) member states are still struggling in finding solutions to cool down gas prices, which have been making a strong impact on the continent’s economy. EU members are still deeply divided on the proposed gas price ceiling.

The domestic economy is witnessing a positive outlook so far this year. Nevertheless, it is now expected to face with numerous risks ahead which can impact growth next year.

State budget collection in the January-September period was estimated at over 1.32 quadrillion VND (55.9 billion USD ), reaching 94% of the yearly target, and up 22% from the same period last year, according to Deputy Finance Minister Nguyen Duc Chi.

Vietnam’s economy is expected to grow by 7.2% in 2022, on the back of a strong rebound in domestic demand and continued solid performance by export-oriented manufacturing, according to the World Bank East Asia and Pacific Economic Update, October 2022.