Vietnam a bright spot amid global slowdown

22-11-2022

Despite the current global economic downturn, Vietnam remains a bright spot in the region with high GDP growth, IMF Managing Director Kristalina Georgieva said.


Vietnam has an open and dynamic economy that remains resilient through the Covid-19 pandemic, she said at a meeting with President Nguyen Xuan Phuc on the sideline of the 2022 APEC summit in Bangkok on Saturday.


 vietnam news

IMF Managing Director Kristalina Georgieva (L) shakes hands with Vietnam's President


"The continued acceleration of structural reform and the transition to a green growth model brings new impetus to the Vietnamese economy," she added.

 

In the first nine months of the year, Vietnam’s GDP grew by 8.83% and it is forecast to reach 8% this year while many regional countries' economic growth slowed down and entered recession.

 

The IMF chief hoped that Vietnam would continue to contribute to the global agenda of transforming growth models and ensuring supply chains.


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