Vietnam’s GDP growth is forecast to expand 7.5% in 2022 and 6.7% in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery, according to the latest economic update by the World Bank (WB) for Vietnam. The bi-annual report says inflation is projected to average 3.8% over the year. Carolyn Turk, WB Country Director for Vietnam, said that the report lays out a set of policy recommendations that could help mitigate the impact of risks and make the economy more resilient going forward.

Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting Vietnam’s productivity and achieving its development goals, in the context where the country re-emerges from the pandemic and into a challenging global environment.

Source: VOV5