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Under the first, the national GDP will grow 6.47%, inflation 4.08%, and export 7.21%, and export-import revenue is projected at USD 5.64 billion, heard a workshop in Hanoi on January 12. The figures are set at 6.83%, 3.69%, 8.43% and USD 8.15 billion under the second. CIEM Director Tran Thi Hong Minh said Vietnam stayed updated on assessments and recommendations last year in order to maintain macro-economic stability, rein in inflation, and facilitate reform and socio-economic recovery and development. Such efforts paid off as the national GDP grew 8.02% in 2022, the highest in the 2011-2022 period, outpacing the target of 6.5% set by the National Assembly, and inflation was curbed at 3.15%, below the 4% projected earlier, she noted. Nguyen Anh Duong, head of the CIEM's General Research Department, presented a report on Vietnam’s economy in 2022 and prospects in 2023, which said there would be more impacts on the economy this year, such as tight monetary policies adopted by … [Read more...] about CIEM sketches out Vietnam’s 2023 economic scenarios

Hanoi (VNA) – Vietnamese people in Belarus and Bulgaria have joined their compatriots in the homeland and around the world in celebrating the Year of the Cat with different activities held recently. The Vietnamese Embassy in Belarus has organised a programme attracting over 400 Vietnamese and their Belarusian relatives. This was the first mass Tet gathering of the Vietnamese community in the European country after over two years of the COVID-19 pandemic. In his remarks, Ambassador Nguyen Van Ngu informed participants about the two countries’ socio-economic situations while highlighting their traditional friendship and multifaceted cooperation. He pledged that the embassy will continue working to help the overseas Vietnamese further integrate into the local society, protect their rights and legitimate interests, develop the community, and contribute to the homeland. A similar celebration has also been held by the Vietnamese Embassy in Bulgaria. Ambassador Do Hoang … [Read more...] about Vietnamese communities in Belarus, Bulgaria hold Tet celebrations

Fluctuations in the global market in 2022 have forced Vietnam to import petrol to meet the domestic market's demand. Statistics from the General Department of Customs show that the import volume of petroleum in December 2022 was more than 944,000 tonnes, valued at $823 million. It marked a 22.3 per cent month-on-month rise in volume and 10.9 per cent in value. In 2022, the country imported 8.87 million tonnes of petrol worth $8.97 billion, a sharp increase of 27.7 per cent year-on-year in volume and 118.5 per cent year-on-year. In which, imported diesel oil reached 4.74 million tonnes, increased by 1.5 per cent year-on-year and accounted for 54 per cent of imported petrol and oil of the whole country. The imported petrol volume reached 1.7 million tonnes, increased 2.3 times compared to the previous year and accounted for 21 per cent of imported petrol and oil of the whole country. Besides that, imported jet fuel reached 1.46 million tonnes, increased 2.2 times compared to the … [Read more...] about Ministry of Industry and Trade aims to stabilise petrol market