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Vietnam’s economic outlook remains bright: AMRO

Vietnam’s positive outlook rides on strong external demand, a recovery in domestic consumption, and healthy investment inflows. Vietnam’s economic prospects would remain bright with the GDP growth expected to expand at 6.3% in 2022 and 6.5% in 2023. This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit […]

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Effective policy implementation crucial for Vietnam to reach high-income status by 2045: WB

Institutions have become a major impediment to the nation’s aspiration to reach high income by 2045. Vietnam needs to shift its economic growth model and improve the government’s capacity to implement economic policy reforms and public investments, realizing its aspiration of reaching high-income status by 2045, a World Bank Group report says. The World Bank Group’s Systematic […]

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Vietnam: Tourism reopens, but staff shortage persists

The number of travelers has increased sharply, but travel firms still lack workers. In early April, a group of 12 Vietnamese travelers left for Dubai. This was the first outbound tour organized by Viet Media Travel after two years of interruption because of the Covid-19 pandemic. On that day, many workers at the company, from […]

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Vietnam’s economic recovery gaining momentum

Vietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound. Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty related to the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank. […]

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