Vietnam’s Economy Remains Strong

PUBLISHED: 30 December 2023

AUTHOR: Teuvo Tuomi

Vietnam’s economy remained better than expected in 2023, and it will likely only improve as consumer demand returns, exports recover, and investments surge.

Gross domestic product rose slightly over 5% from a year earlier after an initial 8% increase in the previous year.

The median estimate in a Bloomberg survey of economists was for 4.7% full-year growth, while the government had estimated growth at 5%.

Vietnam's value of exports is close to the size of the country’s GDP.

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