Vietnam is expected to grow its GDP by more than 8% for the full year of 2022 

At the Government’s Fourth session, reporting on the results of the implementation of the Socio-Economic Development Plan in 2022, the Vietnamese government announced that in 2022, the total GDP growth rate will reach about 8%, exceeding the projected target (6-6.5%). According to CNA, the country’s exports are forecast to rise 9.46% to $368 billion in the year. Additionally, the Foreign Investment Agency of the Vietnamese Ministry of Planning and Investment projects that the total foreign direct investment (FDI) registered in Vietnam will amount to 21–22 billion USD for the entire year, up 6.4–11.5% from the previous year. As per Vietnam’s General Statistics Office, Vietnam, a regional manufacturing hub, has seen its economic recovery from the pandemic, with third-quarter GDP increasing 13.67% from the same period last year. To ensure macroeconomic stability for the remainder of the year, the government will pursue “a flexible and prudent” monetary policy. Vietnam intends to aim at a 6.5% growth rate and a 4.5% inflation target for the coming year.