In its recent article, the market news website sourced data from the International Monetary Fund (IMF), considering the growth in real GDP for all countries over the last 10 years to average the real GDP growth rates.

Yahoo Finance said “With an average real GDP growth of 6.1% in the last 10 years, Vietnam ranks among other countries with high economic growth. The agricultural sector highly supports the economy by contributing to the GDP as well as employment.”

With an average real GDP growth of 6.1% in the last 10 years, Vietnam ranks among other countries with high economic growth. Photo: VNA

Vietnam’s agro-forestry-fishery exports reached US $53.22 billion for the first time in 2022, up 9.3% from the previous year. As a result, its agricultural sector posted a trade surplus of US $8.5 billion, accounting for over 75% of the economy’s total trade surplus, VietnamPlus said.

The article also cited Vietnam’s statistics as showing that the US remains the biggest market of Vietnamese agro-forestry-fishery products, with an import turnover of $13.3 billion, equivalent to 25% of the total exports of those products. China follows it with more than US $10 billion (18.9%), Japan-US $4.2 billion (7.9%), and the Republic of Korea US $2.5 billion (4.7%).

In terms of continents, Asia made up 44.7% of the exports, the Americas 27.4%, Europe 11.3%, Oceania 1.7%, and Africa 1.7%.

The five countries with the highest economic growth rates in 10 years is Guyana (South America) at nearly 15%, Ireland (Europe) at over 9%, Ethiopia (Africa) at 8.43%, Tajikistan (Central Asia) at over 7%, and Côte d’Ivoire (West Africa) over 6.8%, according to the writing.

Vietnam is considered one of the most open economies in the world. Photo: VNA

Andrea Coppola, World Bank Lead Economist for Vietnam, has described Vietnam in 2023 as resilient, saying that amid the global economic slowdown, the Southeast Asian nation was still able to sustain a rate of growth that many other countries in the rest of the world can only dream about.

Coppola said Vietnam is considered one of the most open economies in the world. Its strong trade relations with the rest of the world are a source of strength and success. Vietnam’s economic performance in 2023 is positive when the very challenging global context is considered.

According to Vietnam’s Macro and Poverty Outlook released by the WB in October, Vietnam’s economic growth is expected to slow to 4.7% this year before recovering to 5.5 % in 2024 and 6.0 % in 2025.

Fitch Ratings Raised Vietnam’s Long-Term Credit With A "Stable" Outlook Credit rating agency Fitch Ratings raised Vietnam's long-term national credit rating to BB+, with a stable outlook on December 8.

Canada Aims To Expand Business In Vietnamese Market Canadian largest business delegation, led by Minister of International Trade Mary Ng, will come to Vietnam to explore cooperation opportunities between the two countries in ...

Vietnam News Today (Dec. 21): Vietnam's Economy Remains Resilient in 2023 Vietnam News Today (Dec. 21): 2023 a particularly successful year for Vietnamese diplomacy; Vietnam's economy remains resilient in 2023; Vietnam posts trade surplus for eighth ...