{"id":16313,"date":"2022-10-11T16:07:36","date_gmt":"2022-10-11T09:07:36","guid":{"rendered":"https:\/\/gtjai.com.vn\/?post_type=research&#038;p=16313"},"modified":"2022-10-11T16:08:07","modified_gmt":"2022-10-11T09:08:07","slug":"vietnam-macro-q3-updates-2023-outlook","status":"publish","type":"research","link":"https:\/\/gtjai.com.vn\/en\/research\/vietnam-macro-q3-updates-2023-outlook\/","title":{"rendered":"Vietnam Macro Q3 Updates &amp; 2023 Outlook"},"content":{"rendered":"<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\"><strong>VIETNAM\u2019S GDP RISES BY 13.67% IN Q3<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">Industrial production increased by over 12%yoy. PMI slightly declined compared to August, to 52.5.<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">Gross domestic demand continued to show resilience. The total gross retail sales of consumer goods and services increased by 21% yoy in the first 9 months of the year.<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">Export turnover increased by 17.3% yoy, reaching 282.52 billion USD in the first 9 months of the year.<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">FDI inflow maintained but at a slower pace.<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">The 9-month average CPI increased by 2.73% y-o-y.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\"><strong>2023 VIETNAM\u2019S ECONOMIC OUTLOOK<\/strong><\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">GTJAS Vietnam believe that Vietnam\u2019s economy in 2023 will witness a solid growth, backed by:<\/span><\/p>\n<ul>\n<li><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">A resilient FDI inflow into Vietnam, especially into new sectors (technology, energy, semiconductor, etc)<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">Strong domestic consumption. Meanwhile, the international arrivals is expected to recover to 30%-35% the pre-pandemic level at the end of 2022 and 50%-60% the pre-pandemic level in 2023;<\/span><\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">The fiscal budget for Public Investment still stays, which will be an important driver to offset the worse view of Exports that may be affected by the global economic downturn in the short to medium term.<\/span><\/li>\n<\/ul>\n<table width=\"446\">\n<tbody>\n<tr>\n<td width=\"33%\">\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">GTJA FORECAST<\/span><\/p>\n<\/td>\n<td width=\"7%\">\n<p>\u00a0<\/p>\n<\/td>\n<td width=\"32%\">\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">2022 Base case<\/span><\/p>\n<\/td>\n<td width=\"26%\">\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">2023 Base case<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"33%\">\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\"><strong>GDP Growth<\/strong><\/span><\/p>\n<\/td>\n<td width=\"7%\">\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">%<\/span><\/p>\n<\/td>\n<td width=\"32%\">\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">7.2<\/span><\/p>\n<\/td>\n<td width=\"26%\">\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">6.5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"33%\">\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\"><strong>Inflation<\/strong><\/span><\/p>\n<\/td>\n<td width=\"7%\">\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">%<\/span><\/p>\n<\/td>\n<td width=\"32%\">\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">3.8<\/span><\/p>\n<\/td>\n<td width=\"26%\">\n<p><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">4.5<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u00a0<\/p>\n","protected":false},"author":12,"featured_media":0,"template":"","cate_research":[70],"specialized":[],"class_list":["post-16313","research","type-research","status-publish","hentry","cate_research-macro-market-report"],"yoast_head":"<title>Vietnam Macro Q3 Updates &amp; 2023 Outlook - GTJA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtjai.com.vn\/en\/research\/vietnam-macro-q3-updates-2023-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vietnam Macro Q3 Updates &amp; 2023 Outlook - GTJA\" \/>\n<meta property=\"og:description\" content=\"VIETNAM\u2019S GDP RISES BY 13.67% IN Q3 Industrial production increased by over 12%yoy. PMI slightly declined compared to August, to 52.5. Gross domestic demand continued to show resilience. The total gross retail sales of consumer goods and services increased by 21% yoy in the first 9 months of the year. Export turnover increased by 17.3% [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gtjai.com.vn\/en\/research\/vietnam-macro-q3-updates-2023-outlook\/\" \/>\n<meta property=\"og:site_name\" content=\"GTJA\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-11T09:08:07+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gtjai.com.vn\/#website\",\"url\":\"https:\/\/gtjai.com.vn\/\",\"name\":\"GTJA\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gtjai.com.vn\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/vietnam-macro-q3-updates-2023-outlook\/#webpage\",\"url\":\"https:\/\/gtjai.com.vn\/en\/research\/vietnam-macro-q3-updates-2023-outlook\/\",\"name\":\"Vietnam Macro Q3 Updates &amp; 2023 Outlook - GTJA\",\"isPartOf\":{\"@id\":\"https:\/\/gtjai.com.vn\/#website\"},\"datePublished\":\"2022-10-11T09:07:36+00:00\",\"dateModified\":\"2022-10-11T09:08:07+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/vietnam-macro-q3-updates-2023-outlook\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gtjai.com.vn\/en\/research\/vietnam-macro-q3-updates-2023-outlook\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/vietnam-macro-q3-updates-2023-outlook\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gtjai.com.vn\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Vietnam Macro Q3 Updates &amp; 2023 Outlook\"}]}]}<\/script>","yoast_head_json":{"title":"Vietnam Macro Q3 Updates &amp; 2023 Outlook - GTJA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gtjai.com.vn\/en\/research\/vietnam-macro-q3-updates-2023-outlook\/","og_locale":"en_US","og_type":"article","og_title":"Vietnam Macro Q3 Updates &amp; 2023 Outlook - GTJA","og_description":"VIETNAM\u2019S GDP RISES BY 13.67% IN Q3 Industrial production increased by over 12%yoy. 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