In September, the International Monetary Fund (IMF) altered Vietnam’s economic growth forecast for 2022, putting it at 7%. In Asia, this was the only upward revision, and the projection was also the highest compared to all the other major regional economies such as China, Japan and India.

The World Bank did the same for Vietnam, increasing its growth potential to 7.5%, marking an astonishing surge from just 2.6% in 2021.