Topic: GDP

Despite external uncertainties, Vietnam's economy shows resilience, with the Asian Development Bank (ADB) maintaining a positive outlook. Domestic demand, public investment, and potential policy shifts are key factors to watch, but structural weaknesses need addressing to ensure sustainable growth.

The World Bank maintains its 5.5% growth forecast for 2024, even as Vietnam's first-quarter GDP surges to a five-year high.

Fueled by robust growth in manufacturing and tourism, Vietnam's GDP outpaces previous years.

Two major foreign banks offer varying projections for Vietnam's economic performance in Q1 and 2024, highlighting the interplay between domestic momentum and external uncertainties.

Vietnam now ranks as the 35th-largest economy in the world.

Bank’s forecast based on the latest data on exports and industrial production.

International organizations put Vietnam’s growth this year at an estimated 5-6.3%.

Sector has been posting annual growth of 14-16% in recent times.

Solutions introduced to restore aggregate demand proved effective in the second half of 2023.

Sector’s GDP growth at 3.83% in 2023.