The disbursement of foreign direct investment hit nearly 21 billion USD, up over 8% annually.Data from the General Department of Vietnam Customs showed that the country’s total export-import turnover went up 12.18% to around 750 billion USD. The results were impressive amid weakening growth, inflation and spiraling living costs in the world.Economic sectors witnessed considerable growth, including agro-forestry-fisheries. Industrial production expanded by 8.6% in 11 months of 2022 while the total retail of goods and consumption services soared by 20.5%. Notably, on September 6, Moody’s Investors Service upgraded Vietnam’s long-term issuer and senior unsecured ratings to Ba2 from Ba3 and changed the outlook to stable from positive. In addition, the practical and effective promotion of diplomatic activities and integration helped consolidate Vietnam’s prestige and position in the international arena.

Source: Viet Nam News January 01, 2023 15:11 UTC