Vietnam's economic growth forecast at 7.5% in 2022: World Bank
(VOVWORLD) - Vietnam’s GDP growth is forecast to expand 7.5% in 2022 and 6.7% in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery, according to the latest economic update by the World Bank (WB) for Vietnam.
 WB and Vietnamese representatives at the press conference to release the report, August 8, 2022. (Photo: WB Vietnam) |
The bi-annual report says inflation is projected to average 3.8% over the year. Carolyn Turk, WB Country Director for Vietnam, said that the report lays out a set of policy recommendations that could help mitigate the impact of risks and make the economy more resilient going forward.
Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting Vietnam’s productivity and achieving its development goals, in the context where the country re-emerges from the pandemic and into a challenging global environment.