Hanoi, March 31 -- The United Overseas Bank ( UOB ) has lowered its 2023 economic growth forecast for Vietnam from 6.6% to 6% due to a low base in the first quarter (Q1) of this year.

In the latest economic growth in Q1/2023 report of Vietnam , the bank said that the country's GDP growth in the period only increased 3.32% year on year, a sharp fall from 5.92% in Q4/2022.

Based on statistics from the General Statistics Office (GSO), it attributed the fall to negative factors in production and export.

The bank's experts said inflation in Vietnam has shown positive signs as consumer price index (CPI) in Q1/2023 rose 4.18% compared to the same period last year and lower than the 4.5% target set by the government.

Vietnam's March CPI rose ...