Vietnam's Unwavering Presence Amidst Crisis, A Trading Powerhouse

Starting in April 2022, Vietnam faced challenges in its trade balance, but this year, it exceeded expectations with an 8.02% GDP growth rate, surprising the world. Vietnam successfully controlled inflation, maintaining stable economic growth. The trade balance exceeding 7.2 trillion USD for the first time this year further solidifies Vietnam's position as a major trading power. In 2021, Vietnam ranked second in ASEAN, and this year, it is striving for the top spot. This growth is not just from intermediary trade, but from actual production and exports. Vietnam's e-commerce market is also growing to become the largest in Asia.

Following a significant drop in orders from the US due to the economic downturn in 2022, Vietnam faced challenges. However, despite the 6% GDP growth target set by the Vietnamese government, the actual growth rate reached 8.02%. This is considered an impressive achievement globally.

While many countries like the US and Europe are struggling with inflation, Vietnam has maintained stable economic growth by keeping inflation below 4%. This demonstrates Vietnam's excellent economic management capabilities.

Vietnam announced a trade balance exceeding 7.2 trillion USD for the first time this year. This is a significant indicator solidifying Vietnam's position as a major trading power.