{"id":22002,"date":"2023-01-11T04:50:20","date_gmt":"2023-01-10T21:50:20","guid":{"rendered":"https:\/\/www.cimigo.com\/?p=22002"},"modified":"2025-10-20T15:46:20","modified_gmt":"2025-10-20T08:46:20","slug":"vietnam-gdp-growth-2023","status":"publish","type":"post","link":"https:\/\/www.cimigo.com\/en\/trends\/vietnam-gdp-growth-2023\/","title":{"rendered":"Vietnam GDP growth 2023 to reach 6.3%"},"content":{"rendered":"<h2>Vietnam&#8217;s economy surpassed expectations in 2022<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-22012 size-large\" src=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/Vietnam-2022-Economic-Progress-post-1024x1024.jpg\" alt=\"Vietnam GDP growth 2023\" width=\"640\" height=\"640\" srcset=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/Vietnam-2022-Economic-Progress-post-1024x1024.jpg 1024w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/Vietnam-2022-Economic-Progress-post-300x300.jpg 300w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/Vietnam-2022-Economic-Progress-post-150x150.jpg 150w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/Vietnam-2022-Economic-Progress-post-768x768.jpg 768w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/Vietnam-2022-Economic-Progress-post-600x600.jpg 600w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/Vietnam-2022-Economic-Progress-post-100x100.jpg 100w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/Vietnam-2022-Economic-Progress-post.jpg 1080w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>Vietnam GDP growth 2023 is expected to reach 6.3%.\u00a0 \u00a0The Vietnamese economy grew by 8% in 2022, attracting a healthy trade surplus, a continued rise in foreign direct investment disbursements and 1,700,000 new jobs.\u00a0 \u00a0The consumer price index grew 4.4% in the fourth quarter of 2022 over the prior year, bringing annual inflation to 3.15%.\u00a0 Retail sales of goods and services grew 19.8% and long surpassed pre-Covid 2019 levels.\u00a0 Whist domestic consumer demand is strong there are risks and business confidence (in contrast to consumer confidence) has dampened. Despite this Cimigo expects Vietnam GDP growth 2023 to reach 6.3%.<\/p>\n<h2>Vietnam manufacturers are experiencing the impact of slowing export markets<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-22004 size-full\" src=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/SP-PMI-business-expectations-Vietnam-December-2022-e1673255088409.png\" alt=\"S&amp;P PMI business expectations Vietnam December 2022\" width=\"442\" height=\"292\" \/><\/p>\n<p>The S&amp;P Global Vietnam Manufacturing Purchasing Managers\u2019 Index\u2122 (PMI\u00ae)\u00a0 business expectations outlook,\u00a0 dropped to a 14-month low in November and confidence in the year-ahead outlook for production remained relatively muted in December.<\/p>\n<h2>Vietnam&#8217;s business confidence fell in October 2022<\/h2>\n<p>Business confidence in CEO Pulse faltered in October 2022. As of December 2022, 56% of CEOs expect business conditions to worsen in the coming year.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-22005 size-large aligncenter\" src=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/CEO-Pulse-Vietnam-business-confidence-December-2022-1024x524.png\" alt=\"CEO Pulse Vietnam business confidence December 2022\" width=\"640\" height=\"328\" srcset=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/CEO-Pulse-Vietnam-business-confidence-December-2022-1024x524.png 1024w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/CEO-Pulse-Vietnam-business-confidence-December-2022-300x153.png 300w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/CEO-Pulse-Vietnam-business-confidence-December-2022-768x393.png 768w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/CEO-Pulse-Vietnam-business-confidence-December-2022-600x307.png 600w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/CEO-Pulse-Vietnam-business-confidence-December-2022.png 1083w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<h2>Economic headwinds dampen business confidence in Vietnam<\/h2>\n<p>Economic headwinds dampen business confidence owing to concerns over 1) rising consumer domestic consumer prices, 2) lower growth in key export markets impacting manufacturing output and 3) woes in the property sector and the related financing therein.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-22006 size-full\" src=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/CEP-Pulse-Vietnam-2023-Risks.png\" alt=\"CEO Pulse Vietnam 2023 Risks\" width=\"1235\" height=\"665\" srcset=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/CEP-Pulse-Vietnam-2023-Risks.png 1235w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/CEP-Pulse-Vietnam-2023-Risks-300x162.png 300w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/CEP-Pulse-Vietnam-2023-Risks-1024x551.png 1024w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/CEP-Pulse-Vietnam-2023-Risks-768x414.png 768w, https:\/\/www.cimigo.com\/wp-content\/uploads\/2023\/01\/CEP-Pulse-Vietnam-2023-Risks-600x323.png 600w\" sizes=\"auto, (max-width: 1235px) 100vw, 1235px\" \/><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-21026 size-full alignleft\" src=\"https:\/\/www.cimigo.com\/wp-content\/uploads\/2022\/09\/CEO-Pulse-logo-6-9-22-e1673254647235.png\" alt=\"Vietnam CEO's business outlook\u00a0\" width=\"335\" height=\"68\" \/>CEO Pulse is sourced from a market research survey amongst 50 CEOs in Vietnam. <a href=\"https:\/\/www.cimigo.com\/en\/trends\/\" target=\"_blank\" rel=\"noopener\">Cimigo<\/a>\u00a0in collaboration with the Vietnam\u00a0<a href=\"https:\/\/executives.asia\/\" target=\"_blank\" rel=\"noopener\">Business Executive Network<\/a> conducts a regular CEO Pulse market research survey amongst CEOs of businesses in Vietnam.<\/p>\n<p>The results herein are drawn from surveys conducted in 2022.\u00a0CEO Pulse results help CEOs monitor the pulse of business in Vietnam. The results provide invaluable perspectives of CEO peers and provide insights on business planning and assist in managing the expectations of stakeholders.\u00a0\u00a0Should you wish to join with your CEO peers, drop an email to <a href=\"mailto:richardburrage@cimigo.com\">ask@cimigo.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vietnam&#8217;s economy surpassed expectations in 2022 Vietnam GDP growth 2023 is expected to reach 6.3%.\u00a0 \u00a0The Vietnamese economy grew by 8% in 2022, attracting a healthy trade surplus, a continued rise in foreign direct investment disbursements and 1,700,000 new jobs.\u00a0 \u00a0The consumer price index grew 4.4% in the fourth quarter of 2022 over the prior [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":22015,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[476],"tags":[969,570],"class_list":["post-22002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-research-vietnam","tag-vietnam-economic-market-research","tag-vietnam-market-research"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.7 (Yoast SEO v26.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vietnam GDP growth 2023 to reach 6.3% - Market research Vietnam Indonesia<\/title>\n<meta name=\"description\" content=\"Vietnam GDP growth 2023 will reach 6.3%.\u00a0The Vietnamese economy grew by 8% in 2022 and attracted a healthy trade surplus.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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