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Vietnam’s economy registers strong growth in Q4: World Bank

Vietnam’s GDP grew by 13.7% year-on-year in the third quarter of this year and 8.9% over the first three quarter, according to a report released by the World Bank (WB) on October 20.

Vietnam’s GDP Growth to Rise 7.2% in 2022

Vietnam is forecast to achieve economic growth of 7.2% in 2022, driven by a strong rebound in domestic demand and continued solid performance by export-oriented manufacturing, according to the World Bank (WB).

IMF raises Vietnam's 2022 growth forecast to 7% due to low inflation

Vietnam’s relatively subdued inflation compared to other countries in Asia has boosted its economic outlook with the International Monetary Fund (IMF) increasing the growth forecast for the country to 7 per cent for 2022. The increase was a full percentage point from three months earlier and the only significant upward revision among major Asian economies.
Vietnam’s GDP Growth Projected to Surge to 7.5%
Vietnam’s economic recovery accelerated over the last six months on the back of resilient manufacturing and a robust rebound in services. GDP growth is forecast to surge from an estimated 2.6% in 2021 to 7.5% in 2022, while inflation is projected to average 3.8% over the year.
Port of New York and New Jersey sets new container imbalance fee to minimise congestion
The Port of New York and New Jersey will implement a new quarterly container imbalance fee for ocean carriers as part of the seaport's effort to handle record cargo volumes caused by the peak cargo season and cargo shifting from the West Coast.
Rising inflation will slow economic recovery
Although global inflation is a reality, the general feeling is that inflation is still under control. However, continued rising inflation is bound to affect the efforts of the Government to make full economic recovery.
Vietnam Security Summit 2022 held in Hanoi
The Vietnam Security Summit 2022 opened in Hanoi on June 23 with three thematic sessions on measures to strengthen cybersecurity for digital government, the protection of corporate data security in the digital era, and the harnessing of the power of exponential technologies against the emerging cyber threats.
China: US Law Against Uyghur Forced Labor Takes Effect
The United States government should vigorously enforce a new law that aims to prevent imports linked to forced labor by Uyghurs and other persecuted groups in China, Human Rights Watch said today. The Uyghur Forced Labor Prevention Act (UFLPA), which goes into effect on June 21, 2022, gives US authorities increased powers to block the import of goods linked to forced labor in China.
From August 1, product-specific rules under the VKFTA Agreement will apply
Item Specific Rules (HS version 2017) under the Chapter on Rules of Origin in the Vietnam-Korea Bilateral Free Trade Agreement (VKFTA) will be applied from August 1, 2022.
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