Vietnam was a bright spot of the world
Vietnam's 8 per cent growth in 2022 was a bright spot in the region and the world, said Daniel Leigh, head of the World Economic Studies division in the International Monetary Fund (IMF)'s Research Department, which produces the World Economic Outlook (WEO).
In an interview granted to the Vietnam News Agency during the week of Spring Meetings of the IMF and the WB in Washington DC, Leigh said the IMF has just revised up the growth forecast for Vietnam, adding that this is partly due to the rebound from COVID-19 and trade diversion. Some of the investment is shifting to Vietnam, giving the country a lift, said the expert.
Although the IMF expected a slowdown in Vietnam's growth, the projected rate is still high, at 5.8 per cent in 2023 and 6.9 per cent in 2024, he said.
He also noted that inflation in Vietnam is relatively low, at over 3 per cent in 2022. It is coming up-partly because of the dynamic economy-and is expected to be back to the world inflation target, at around 4.3 per cent in 2024.
