Bright Outlook for Vietnam’s GDP Growth
An automobile production line at a Toyota Motor Vietnam factory in the northern province of Vinh Phuc. Photo: VNA Vietnam ’s GDP growth will reach 8% this year in the base-case scenario, provided that there will be no upheavals in the market but favourable external factors for the economy during the remaining months of the year, VNA reported, citing Deputy Minister of Planning and Investment Tran Quoc Phuong. It was one of the two GDP scenarios for 2022 announced by the Ministry of Planning and Investment (MPI) at a routine government press briefing on October 1. In the worst-case scenario, the GDP will grow at 7.5%, provided that many challenges and uncertainties are expected in the fourth quarter of this year, Phuong told reporters. Commenting on Vietnam ’s economic outlook for 2023, he said there will be both challenges and opportunities, but the former are likely to outweigh the latter and be even tougher in the wake of inflationary pressure worldwide and a gloomy