Macro update – Vietnam accelerates to the finish line after challenges in 2023
12/01/2024

Summary

Overcoming challenges in 2023, Vietnam's economy still maintained a positive trend with GDP increased by 6.72%YoY in Q4/2023, higher than growth rate of previous quarters (3.41% in first quarter, 4.25% in second quarter and 5.47% in third quarter) and increased by 5.05% for the whole year 2023, among countries with high economic growth in the region and the world.

Year 2024 is expected as a year of acceleration and breakthrough, which is especially important in successfully implementing the 5-year economic journey 2021-2025. GDP growth is forecasted at high level of 6-6.5% with the return of manufacturing and export while inflation is controlled below the target of 4-4.5%.

Category
Macro
Author
Ly Bui
Details

Page: 4

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