Vietnam Sees Fastest Growth in Southeast Asia for Two Years
- Government forecasts 2022 GDP growth at 8%, beating target
- Vietnam sees inflation quickening to about 4.5% in 2023
The government sees 2023 inflation at about 4.5%, compared to 4% this year.
Photographer: Maika Elan/BloombergThis article is for subscribers only.
Prime Minister Pham Minh Chinh is confident Vietnam’s growth will exceed expectations this year, and retain the title of Southeast Asia’s fastest-growing economy through next year, as it emerges from the pandemic.
He expects gross domestic product to rise 8% in 2022 -- beating the government’s target of 6%-6.5% and faster than the median 7.3% pace estimated in a Bloomberg survey -- and expand 6.5% in the following year.