Vietnam's economy to surge by 6.6% in 2023: OECD
05 Apr 23 1 min read
Insights
- Vietnam's economy may grow by 6.6 per cent in 2023 due to foreign investment in manufacturing, primarily in textiles and footwear.
- Vietnam remains the top economy in Southeast Asia, but weaker demand may lower investment.
- The OECD advises monitoring inflation trends and ending pandemic support programmes to improve the country's financial situation.
The OECD report has indicated that at this rate, Vietnam remains the top economy among the five largest in Southeast Asia.
The end of support programmes implemented during the pandemic will create conducive conditions for Vietnam to boost its public financial situation, local media said quoting the OECD report.
Advertisement
Weaker demand is expected to decrease investment in the Vietnamese economy. The report recommended that the country continue to closely monitor inflation trends.
Related News
Fibre2Fashion News Desk (NB)
Popular News
|
|
Net sales of US retailer Tilly’s at $115.9 mn in Q1 FY24 |
|
|
RCEP, China FTA, boost Cambodian exports in Jan-May 2024 |
|
|
Tiruppur's labour woes deepen as UP attracts textile workers |
|
|
Analysing India's trade deficit: Impact of textile exports |
|
|
USDA raises global cotton production & stocks in latest WASDE report |
|
|
South India cotton yarn prices steady, mix trend seen from demand side |
