Economics
Vietnam Aims for 6% Growth This Year in Best-Case Scenario
- Growth this year to moderate from 8% in 2022 as exports weaken
- GDP must expand 10.6% next quarter to meet ‘best-case’ goal
Tourists on the golden bridge in Da Nang, Vietnam.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Vietnam’s government is pushing for economic growth of about 6% this year, with Prime Minister Pham Minh Chinh urging more spending to spur domestic activity.
Gross domestic product growth of 6% was the “best case” scenario chosen by the cabinet, according to statements on the government’s website on Saturday, citing a meeting chaired by the premier. The worst-case scenario was for a 5% expansion, it said.