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.

Themed “Cooperation in a fragmented world”, the World Economic Forum Annual Meeting 2023, opened today in Davos, Switzerland. The event attracted the attention of the international community, as it gathered global political and business elites.

Vietnam’s industrial production and retail sales slid down in October due to stalled demand at home and abroad, according to the Vietnam Macro Monitoring report released by the World Bank in Hanoi on November 16.

Foreign newspapers have highlighted Vietnam’s impressive success after the World Bank (WB) forecast that its economy will lead Asia with a growth rate of 7.2% this year, up from the previous forecast of 5.3% in April.