1. GDP in 2022 was estimated to increase by 8,02% compared to the previous year, achieving the highest increase in the period 2011-2022 due to the economic recovery.

2. Agriculture, forestry, and fishery production in 2022 maintained stable growth and kept the role of supporting the economy. The output of some perennial crops mainly increased compared to the previous year; diseases in livestock and poultry are controlled; logging activities are actively implemented. Aquaculture has developed quite well due to the increase in demand and export prices of key aquatic products such as pangasius and farmed shrimp; however, marine fishing faces many difficulties due to high fuel prices.

3. Industrial production in the fourth quarter of 2022 tends to slow down, the growth rate of value added was estimated at 3.6% over the same period last year. For the whole year of 2022, the value added of the industry increased by 7.69% compared to last year, of which the manufacturing industry increased by 8.10%.

4. The total number of newly registered enterprises and re-operated enterprises in 2022 to 208.3 thousand enterprises, a rise of 30.3% compared to 2021; 143.2 thousand enterprises were out of the market, up 19.5%, in which the majority of enterprises choose to suspend business in the short term (accounting for 51.5%). Results of the business tendency survey of manufacturing enterprises in the fourth quarter of 2022 showed that: 66.3% of enterprises assessed that the business production situation was better and stable than in the third quarter of 2022, and 33.7% of enterprises faced difficulties.

5. Commercial activities and consumer services in 2022 have recovered strongly when the Covid-19 pandemic is under control. In 2022, the total retail sales of consumer goods and services were estimated at 5,679.9 trillion VND, up 19.8% over the previous year.

6. In 2022, with global usage pressure at a high level, the State Bank of Vietnam has adjusted interest rates to match the international context and macroeconomic stability. Business activities ensure stability, ensure the interests of customers; The domestic stock market fell in the context of the global stock market being affected by the economic recession.

7. The investment at current prices in 2022 was estimated at 3,219.8 trillion VND, up 11.2% over the previous year, this increase reflects the strong recovery of production and business activities. In which, realized foreign direct investment capital in Vietnam reached nearly 22.4 billion USD, up 13.5% over the previous year, reaching the highest level since 2018 until now.

8. State budget revenue in 2022 was estimated to increase by 13.8% over the previous year. State budget expenditure was estimated to increase by 8.1% compared to 2021, meeting the needs of socio-economic development, national defense and security, state management, payment of due debts, and support for people facing difficulties due to the Covid-19 pandemic and restoring production in areas damaged by natural disasters and epidemics.

9. In December 2022, the import and export of goods turnover was estimated at 58.82 billion USD, which went up 2.7% compared to previous months and went down 11.2% over the same period last year. Generally, in 2022, the total import and export turnover of goods reach 732.5 billion USD, which went up 9.5% over last year, of which exports increased by 10.6%; imports increased by 8.4%. The trade balance of goods in 2022 was estimated to have a trade surplus of 11.2 billion USD.

10. The decrease in domestic petrol and oil prices in line with world fuel prices was the main reason for the consumer price index (CPI) in December 2022 decreased by 0.01% compared to the previous month and increased by 4.55% compared to December 2021. The average CPI in the fourth quarter of 2022 increased by 4.41% over the same period last year. For the whole year of 2022, CPI increased by 3.15% compared to 2021. In 2022,

Overall, Vietnam's economy witnessed a rapid recovery with positive economic statistics. GroBanc hopes this article will help readers have an overview of Vietnam's economy in 2022.

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Source: General Statistics Office of Viet Nam (2022)