Vietnam economy is seen growing 8% in 2022, beating the official target

Vietnam‘s economy is expected to grow by 8 percent in 2022, beating the official target, according to a foreign news agency.

Vietnam’s economy is expected to grow by 8% this year, beating the official target of 6.0%-6.5% expansion, the government said on Tuesday.

The country’s exports are forecast to grow 9.5 percent to $368 billion a year, the government said in a statement, with foreign direct investment inflows expected to rise 6.4 percent to 11.5 percent in 21 Going from billion to 22 billion dollars.

Vietnam, a regional manufacturing hub, has seen its economy recover from the pandemic, with gross domestic product growing 13.67 percent in the third quarter from a year earlier.

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The Vietnamese government said it would adopt a “flexible and prudent” monetary policy for the rest of the year to ensure macroeconomic stability.

The government added that Vietnam would aim for growth of 6.5 percent and consider an inflation target of 4.5 percent next year.