Goods are transported for export at Hai Phong International Port. (Photo: VNA)- Despite global volatilities , Vietnam’s economy has rebounded strongly this year beyond the forecasts of many international organisations , making the country one of the rare bright spots in the global gloomy picture and has the potential to become a new ‘tiger’ in Asia.The latest report from the General Statistics Office (GSO) showed Vietnam's GDP growth rate in the first nine months of 2022 hit a 12-year high to reach 8.83%. Notably, the economy expanded 13.76% in Q3 2022 compared to 7.72% and 5.05% in Q2 and Q1 2022, respectively. The impressive surge has resulted in their upgrade of the country’s economic growth forecast, of which Moody’s, Fitch Ratings, World Bank (WB) and International Monetary Fund (IMF) predict Vietnam's GDP growth in 2022 at 8.5%, 7.9%, 7.2% and 7%, respectivelyThe upgrade is very notable when the organisations have lowered their 2022 global economic growth outlook. According to the National Assembly's (NA) Committee for Economic Affairs, 15 social-economic development targets, except the social labour productivity growth rate, are expected to be met or exceeded this year.Right after the nine-month socio-economic statistics were published, the Ministry of Planning and Investment also decided to adjust up the 2022 economic growth scenario.
