5th Vietnam Business Forum to take place in Hanoi this week
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Organisers said the forum will look into ways to ensure major economic balances and the selection of suitable policies for 2023 and the following years.
There will be a plenary session, to be co-chaired by the Prime Minister, the Head of the Economic Commission and leaders of the National Assembly, and four thematic workshops.
The hybrid event is expected to see the participation of more than 1,000 representatives from ministries, agencies, localities, international organisations, embassies, consulates general, businesses, associations, universities and research institutes, and domestic and foreign experts.
The five reports to be presented will look into Vietnam’s economic situation in 2022 and management orientations for 2023; the world’s economic prospects in 2023 and policy recommendations for Vietnam; Vietnam’s economic issues and Asia’s economic prospects next year; stabilising the financial market and making the financial and real estate markets healthy, creating a firm foundation for economic development in 2023; and speeding up public investment and paving way for corporate capital flows to create breakthroughs for Vietnam's economic growth in 2023.
Earlier, the Ministry of Planning and Investment forecast that Vietnam’s GDP growth will reach 8% this year in the base-case scenario, provided that there will be no major upheavals in the market but favourable external factors for the economy during the remaining months of the year.
In the worst-case scenario, the GDP will grow at 7.5%.
Commenting on Vietnam’s economic outlook for 2023, Deputy Minister Tran Quoc Phuong said there will be both challenges and opportunities, but the former are likely to outweigh the latter and be even tougher in the wake of inflationary pressure worldwide and gloomy global economic outlook.