(VOVWORLD) - The Ministry of Planning and Investment has crafted 3 scenarios for Vietnam’s economic development for the rest of 2022 and 2023.
In the best scenario, macroeconomic stability will be ensured, inflation kept at about 4%, the economic growth target for 2022 achieved and growth for 2023 will meet the average target of 6.5-7% set for the 2021-2025 period.
A moderate scenario says macroeconomic stability will be basically ensured, inflation will be above 4% but remain under control, the economic growth target for 2022 will be met and growth for 2023 will close to the average target set for the 2021-2025 period.
In the worst case scenario, the macroeconomy will face numerous challenges, inflation will surge, the economic growth target for 2022 will be met and growth for 2023 will be lower than the average target set for the 2021-2025 period.
Earlier, the Ministry recommended that the Government revise this year’s economic growth to 7%, 0.5% higher than the original target, to create momentum for 2023.