Vietnam’s GDP growth reaches 8.02% this year, a record high in the 2011-2022 period as the economy is recovering strongly, General Director of the General Statistics Office (GSO) Nguyen Thi Huong told a press conference in Hanoi on December 29.

The euro area (Eurozone) is at risk of falling into recession, as rising energy prices and the cost of living continue to push up inflation. The old continent is facing a cold and bleak winter.

Vietnam’s GDP growth will reach 8% this year in the base-case scenario , provided that there will be no upheavals in the market but favourable external factors for the economy during the remaining months of the year, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

Opportunities and challenges are still intertwined in the recovery and development of the Vietnamese economy; however, the positive trend has spread more widely across all fields and industries in the second half of 2022.