Vietnam's economic growth forecast to reach 7%

Vietnam's economy could grow by 6.8 - 7%, according to the recent assessment of the Vietnam Macroeconomic Consultation and Monitoring Delegation of the International Monetary Fund (IMF).

Adaptive monetary and fiscal policies will help the economy recover from mid-Q3/2023. Vietnam is one of the fastest growing countries in the world, with key drivers coming from strong exports to major markets such as the United States, Europe, and China.

Foreign direct investment attraction has grown steadily over the quarters. The IMF monitoring team recommends that in the context of a faster recovery, it is important to closely monitor inflation risks, exchange rate fluctuations and credit growth.

"The most important thing in the medium term is to ensure the health of the banking system. One is to ensure sufficient capital supply for the economy, promote credit in the context of production, business and consumption activities showing signs of rapid increase as present. Second, the banking system is also capable enough to be ready to respond to risks such as bad debt, how to handle them effectively.

We appreciate the efforts of the Government and the State Bank in diversifying the capital market in Vietnam, ensuring transparency and efficiency, and creating conditions for investors to participate," said Mr. Paulo Medas - Head of the Vietnam Macroeconomic Advisory and Monitoring Delegation, International Monetary Fund (IMF).

According to VTV

Source: https://doanhnghiepvn.vn/kinh-te/tang-truong-kinh-te-viet-nam-du-bao-dat-7/20241126082449378