The economy growth rate of Vietnam in 2022 is the highest since 1997's recession

Vietnam's economy grew 8.02% in 2022, which is the highest annual growth since 1997. It is the result of strong domestic retail sales and exports. However, economists warned Vietnam is facing headwinds ahead, with weakening global demand having already begun to impact shipments. Key export goods like textiles, footwear, and electronics have been especially affected. Consequently, Vietnam may face difficulties in boosting export and attracting foreign investment in 2023.

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