At the Forum on Vietnam Economic Forecast 2022-2023 in Hanoi on Thursday, Deputy Minister of Planning and Investment Tran Quoc Phuong said in the first quarter of this year, Vietnam’s GDP increased more than 5%, inflation was under control, CPI increased 2.1%, financial, monetary, and credit balances were maintained, and budget collection was positivedespite numerous difficulties at home and overseas. The Index of Vietnam’s Business Environment increased 12 points percentage against the previous quarter, the highest since the 4th wave of the pandemic. Phuong said these are positive signs for Vietnam’s economic prospects but further research is needed to ensure sustainable recovery

Mr. Phuong said: “Despite optimistic prospects of the Vietnamese economy, we understand that the business environment is witnessing more unprecedented challenges. The pandemic is not over yet while fluctuations of the global economic-politic landscape remain requiring us to make scientific, in-depth, and multi-dimensional updates.”