Factors behind the strong recovery include macro-economic and political stability as well as success in containing COVID-19. The recovery was relatively even across all growth engines, from industry, agriculture to services while export rebounded. Foreign and domestic investors' confidence also fueled economic growth.
As long as trust of foreign investors and the public remain, Vietnam's measures are proving effective.
ADB Country Director for Vietnam Andrew Jefffries said the lender still maintains its forecast of 6.7% economic growth for Vietnam in 2023, with all risks taken into consideration.
With a number of signed free trade agreements, Vietnam could access countries and markets worldwide.
