Vietnam chartbook: Asia’s growth leader faces headwinds
- Vietnam’s strong growth upturn in first 3Q of 2022 is likely to fade into 4Q22 and 2023
- Services growth will normalise and global external headwinds will intensify
- Rising inflation and weakening VND to mount pressure on SBV to tighten monetary policy further
- Infrastructure and green transition efforts remain long-term priorities
- Lower 2023 growth forecast to 6.0% (from 6.8%) vs upwardly revised 7.8% (from 7.0%) in 2022
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