Vietnam's economy will grow by 6.6% this year and at a similar rate in 2024, according to a report released by the Organisation for Economic Co-operation and Development (OECD).
As the US Federal Reserve raised its benchmark interest rates by a quarter point to bring down inflation rate despite its recent signs of slowing and giving no real hint of a pause in hikes, the cycle is predicted to continue to run.
Executive Chairman of the China-ASEAN Business Council and Chairman of the RCEP Industry Cooperation Committee Xu Ningning has hailed Vietnam as one of the fastest growing economies in ASEAN in 2022.
Vietnam’s economic growth prospects next year are expected to face tough challenges including slowdown in exports and investment, caused by various global fluctuations.