The projection was announced by Standing Deputy Prime Minister Nguyen Hoa Binh at the National Assembly’s ongoing 9th session  on June 20.

Vietnam’s growth to be moderate due to slowing export demand.

Vietnam saw a booming recovery in 2022 and will likely continue to be among countries in Asia posting outstanding growth.

Figures from the Da Nang Statistics Office show that the central city recorded high socio-economic growth in the first nine months of 2022. Its gross regional domestic product (GRDP) growth was estimated at 16.76 per cent year-on-year, with the service sector rising 21.69 per cent, the industry-construction sector 7.83 per cent, and the industrial sector 9.09 per cent. Da Nang’s economic recovery continues apace.

Despite Covid-19 hitting many cities and provinces, Vietnam’s export activities in the first seven months of the year witnessed high levels of growth, with turnover increasing 25.5 per cent over the same period last year to $185.33 billion.