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According to the author, Megha Mandavia, after the tough years of 2020 and 2021, Vietnam spent much of 2022 in the sweet spot - still-low inflation and rapid growth.
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<p style="text-align:justify">According to the author, Megha Mandavia, after the tough years of 2020 and 2021, Vietnam spent much of 2022 in the sweet spot - still-low inflation and rapid growth.</p> <p style="text-align:justify"><img alt="" src="https://dalat-info.gov.vn:444/uploads/20221107115027kinh-te-viet-nam-5-8156.jpg" /></p> <p style="text-align:justify">Times will get a bit tougher now, but the country is poised for fast growth next year - Natixis is forecasting 6.5%, while Capital Economics expects more than 7% - and the weakening currency may help soften the blow from weaker export demand.</p> <p style="text-align:justify">The article assessed that the situation could get even trickier for Vietnam if the world slides into a recession. However, thanks to investments in infrastructure, aggressive trade liberalisation and relatively cheap wages, its manufacturing engine remains intact.</p> <p style="text-align:justify">Vietnam also has the advantage of starting from an enviable growth position: roaring at 13.7% year on year in the third quarter of 2022 on the back of strong exports to the US.</p> <p style="text-align:justify">The author noted that the country has also been partly insulated from the global surge in food prices - it is among the leading rice producers and exporters globally.</p> <p style="text-align:justify">https://en.nhandan.vn/</p>
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