VietNamNet spoke with Pham Xuan Hoe, a respected economist, about money supply and the urgent solutions needed to ensure the liquidity of the economy.

The Asian Development Bank (ADB) has moved to revise its growth forecast for Vietnam, reducing the rate from 6.5% to 5.8% for this year, and from 6.8% to 6.2% ahead in 2024.

Vietnam is expected to have two regional hubs for international air transit by 2050 - Hanoi and HCM City, according to the national airport master plan announced by the Ministry of Transport last week.

Sixty one per cent of companies in Vietnam have had difficulty hiring human resources this year, according to a mid-year talent trend report by Talentnet Corporation and Mercer.

The national economy is expected to improve in the second half of the year thanks to a series of government support policies including a loosened monetary policy and expansionary fiscal policy.

Countries like Vietnam and Indonesia could be beneficiaries if firms start to look for low-cost production centres in Asia, particularly for labour-intensive and low-margin industries, Savills Asia Pacific has said.

Although the growth rate has slowed down amid global economic difficulties, Vietnam is outperforming than most countries in the world, and is regarded as an attractive destination for FDI in the manufacturing sector.

Vietnam has vowed to gain a high GDP growth rate every year despite difficulties around the globe, as this has been the only way to narrow the development gap with other countries.

Steadily holding the economic growth target for 2023, the government has set a prime priority on boosting growth, with brand new solutions ordered to fuel enterprise performance.

Vietnam’s export-import landscape is beginning to regain momentum on the back of some foreign markets gradually recovering.

Vietnam’s gross domestic product (GDP) is expected to grow 5.34% this year under the first scenario set out by the Central Institute for Economic Management (CIEM).

Experts have expressed concern about the rapid increase in imports in recent years, saying that while Vietnam has opened its market widely, it has not applied any measure to control imports.

Satisfactory results have been reported about Vietnam’s economy in the first half of the year. The GDP growth rate of 6.3-6.7 percent for 2023 appears within reach.

Amidst the overall gloomy economic conditions faced by manufacturers in both local and international markets, a few businesses are showing positive signs of growth, managing to navigate through challenges to expand their operations.

As external factors – like weaker consumption in the U.S. and EU markets and stagnant recovery in China – are unfavorable, Vietnam will have to make the most of the domestic market in the second half of the year to achieve the growth target of 6.5%.

The latest statistics unveiled by the General Statistics Office (GSO) show the Vietnamese economy expanded just 3.72% during the first half of the year.

Vietnam is expected to resume rapid economic growth over the medium-term economic outlook, and this “rising star” will be one of the fastest growing emerging markets in Asia, some foreign newswires have said.

The GDP growth rate in the second half of the year may reach 8 percent in one scenario and 8.9 percent in a more optimistic scenario, if Vietnam takes measures to increase production and improve the disbursement of public investment.

Despite encountering numerous difficulties this year, especially the impact of complications globally, the national economy is now showing positive signs moving towards the second half of the year.

The Ministry of Planning and Investment (MPI) has built two scenarios for GDP growth in the second half of the year, based on the situation in the first half.