The World Bank has announced its updated forecast of Vietnam’s GDP growth of about 6% in 2023, down about 0.3% compared to the prediction that the lender made in January. However, the growth rate is still the highest in the Southeast Asian region despite the gloomy global economic situation.
In fact, the growth rate of 6.5% for the whole year as set by the Government is considered the most optimistic scenario. Although the country’s GDP increased only 3.32% in the first quarter of this year, many reputable organisations in the world still believed that the country can achieve this goal.
The Organisation for Economic Cooperation and Development (OECD), Standard Chartered Bank and ADB forecast that Vietnam’s GDP in 2023 will expand by 6.5%.
Meanwhile, a survey announced by McKinsey & Company showed that around 70% of millennials are optimistic about the country’s economic outlook, the highest level among Asian countries./.