IMF Forecasts 6% Growth for Vietnam in 2024
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Vietnam: The International Monetary Fund (IMF) forecasts Vietnam's economy to expand by nearly 6% in 2024, supported by a recovering export sector, strong foreign direct investment, and favourable policies.
However, potential global economic slowdowns, geopolitical tensions, and trade disputes could impact export performance.
Domestically, weaknesses in the real estate sector and corporate bond market may affect banks' credit expansion. The IMF emphasizes that boosting productivity, investing in human and physical capital, and promoting private investment in renewable energy are crucial for Vietnam's continued growth.
Source: IMF