Vietnam pulls off Asia's fastest growthA vendor walks past a shop selling Christmas decorations in downtown Hanoi, Vietnam, on Dec 13, 2022. Manufacturing, which grew 8.1% during the year, was the main driver of economic growth, according to Nguyen Thi Huong, head of Vietnam's General Statistics Office. ADB forecasts Vietnam's 2023 growth to be 6.3% as major trade partners see a slowdown. The weakness was already evident in the headline trade data. Vietnam will struggle to keep inflation in check next year, according to Bui Thuy Hang, the central bank's deputy head of monetary policy department.

Source: Bangkok Post December 31, 2022 03:25 UTC