Int’l organisations raise Vietnam's economic growth forecast, exceeding previous projections
The government has proposed a new target for economic growth of about 6.5-7 per cent next year, with efforts to achieve a rate of 7-7.5 per cent, depending on better conditions both domestically and internationally. By the end of 2025, Vietnam’s economy is expected to rank between 31st and 33rd globally in terms of GDP.
“The entire economy is in a positive recovery phase, regaining the growth momentum seen before the pandemic. Economic growth has surpassed the set targets, with macroeconomic stability maintained, inflation controlled, major balances ensured, and budget overspending curbed,” noted the government in its report to the NA.
Several international organisations have raised their economic growth forecasts for Vietnam in 2024 after the release of Q3 GDP data, which showed a significant 7.4% increase, exceeding previous projections.
 |
(Source: VNA)
