The IMF projects Vietnam’s GDP growth at 6.1% for 2024, supported by external demand and government policies, despite risks in exports and the real estate sector.
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The IMF projects Vietnam’s GDP growth at 6.1% for 2024, supported by external demand and government policies, despite risks in exports and the real estate sector.
Key Points
The IMF’s September report predicts Vietnam’s GDP growth for 2024 at 6.1%, with GDP expected to reach US$468.5 billion. This outlook is supported by robust external demand and government policies.
While inflation remains within the targeted range of 4-4.5%, rising food prices have increased inflationary pressures. The report highlights persistent risks in the real estate and corporate bond sectors.
Recommendations include strengthening fiscal policies and expediting public investments. The IMF emphasizes the need for continued reforms to enhance economic resilience and financial stability.
In its recent September report, the International Monetary Fund (IMF) significantly upgraded its 2024 GDP growth forecast…