22.01.2023
Professor Julien Chaisse, an associate member of CCCL, identifies several significant risks to Vietnam's economy, such as a slower global economic recovery than anticipated, inflationary pressures, increasing interest rates, potential tightening of fiscal policies in major markets, and uncertainties surrounding economic growth prospects in China and the US. He notes that strong inflationary pressures could persist until the end of the year or even into the following year. As a result, implementing flexible monetary and fiscal policies with a focus on managing fuel prices is crucial. In 2023, Vietnam should aim to improve in several areas: increasing return on investment in education and health, facilitating worker transitions away from declining industries, bolstering social security (particularly for informal workers), enhancing the business environment, addressing infrastructure bottlenecks, accelerating public investment, and boosting investment efficiency.
Read the full article here: Thành Chung, Duy Linh, and Nhật Đăng, Vietnam’s economy makes breakthroughs: reforms to overcome difficulties (Kinh tế Việt Nam bứt phá, cải cách để vượt khó), Tuổi Trẻ, January 22, 2023 < https://tuoitre.vn/kinh-te-viet-nam-but-pha-cai-cach-de-vuot-kho-2023010814080252.htm >
