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Vietnamese capital: Vietnam's GDP growth rate will slow to 4.7% in 2023

白云追月素
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Vietnam Investment Company Vietnam Capital predicts that Vietnam's GDP growth rate will slow from 8% in 2022 to 4.7% in 2023. Because this year, exports and manufacturing production have decreased with the decrease in demand for "made in Vietnam" products. In the first nine months of this year, Vietnam's export volume decreased by nearly 10% year-on-year, mainly due to a nearly 20% decrease in exports to Vietnam's largest export market - the United States. Nevertheless, Vietnam Capital, a Vietnamese investment company, predicts that due to the recovery of exports, Vietnam's GDP growth rate will recover to 6.5% in 2024. At the same time, Vietnam's manufacturing output value will also recover from zero growth in 2023 to 8-9% in 2024.
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