Vietnam's Economy Poised for 6% Growth in 2024, Fueled by Export Recovery: AMRO

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Vietnam aims to achieve a GDP growth rate of 6-6.5% in 2024, prioritizing the acceleration of economic growth. The country's GDP growth rate in 2023 was 5.05%, which fell short of the target set by the National Assembly. Minister of Planning and Investment Nguyen Chi Dung acknowledged the pressure on the economy to meet the five-year growth target. To address this, the government has issued a resolution outlining major solutions to boost national socio-economic development, with a focus on public investment, domestic consumption, and export recovery as the main drivers of growth. Foreign investment is also expected to contribute to economic growth, with Vietnam attracting over $36.6 billion in FDI in 2023. Additionally, Vietnam should prioritize new growth drivers such as digital economic ...

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