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    Challenges Await the Global Economy in 2023

    Challenges Await the Global Economy in 2023

    3rd January 2023 post by MOIT Vietnam

    According to IMF Managing Director Kristalina Georgieva, major economies including the United States, Europe, and China are all in a slowdown phase, making 2023 considerably more challenging than 2022.

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    Introducing the New Lao Prime Minister: A Promising Era Begins

    Introducing the New Lao Prime Minister: A Promising Era Begins

    1st January 2023 post by MOIT Vietnam

    On December 30, the Lao National Assembly confirmed Sonexay Siphandone, the country's deputy prime minister, to succeed Phankham Viphavanh as prime minister.

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    Vietnam's economy ends 2022 with a number of remarkable figures

    31st December 2022 post by MOIT Vietnam

    According to a report by the General Statistics Office, for the first time, Vietnam's GDP reached US$409 billion. It is estimated that this year's GDP will increase by 8.02% compared to the previous year due to the recovery of the economy and the highest increase in the period 2011 - 2022.

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    Laos and Vietnam have committed to increase their cooperation in agricultural, forestry, and rural development

    29th December 2022 post by MOIT Vietnam

    Laos and Vietnam have both said that they want to increase their collaboration in agricultural, forestry, and rural development until the year 2025. The commitment's primary areas of concentration include education, training, and workforce development; technological advancement; and business and economic growth.

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    Laos had a trade deficit in the month of November 2022 that was roughly equivalent to more than 50$ million

    27th December 2022 post by MOIT Vietnam

    According to the most recent data that can be found on the website of the Lao Trade Portal, the nation of Laos racked up a trade deficit during the month of November 2022 that was equivalent to $45 million in United States Dollars. This deficit was caused by the country's inability to sell more goods than it bought. This information may be obtained via several means. This deficit was caused by the inability of the government to sell more items than it imported into the nation via imports. The Lao Trade Deficit Report is where all of the information that was just discussed may be found.