Although the growth rate of 5.05% in 2023 does not meet the set target, it is still a positive number in the context of the general difficulties of the global economy. Vietnam continues to be a global and regional growth hotspot.
Vietnam has a favourable location, and the Government is very interested in promoting the development of the semiconductor industry, according to Minister of Planning and Investment Nguyen Chi Dung.
2023 marks the 20th anniversary of Vinamilk's equitization. Over two decades, the "giant" of the dairy industry has proven its production and business model's effectiveness and stable management capacity in the face of market changes.
Vietnam's labour sector has gained significant results and created new jobs for more than eight million workers in the five year period, which helped the country become one of the 10 countries worldwide with the lowest unemployment rate.
It is said on Gulftoday that " Vietnam’s success in curbing the coronavirus so far, while others struggle, is helping the country power ahead in economic growth and attracting major funds".
CEBR’s report estimated by 2035, Vietnam’s nominal GDP is estimated at US$1.59 trillion from the current US$341 billion, a nearly 5-fold increase in a 15-year span.
Vietnam's economy is expected to grow five time, becoming the 19th largest economy in the world in 2035, a report says.