The Asian Development Bank (ADB) has maintained its earlier growth projection for Vietnam this year despite lingering uncertainties in the external environment. Vietnam’s economy is expected to grow at 6.0% and 6.2% in 2024 and 2025, respectively.

Positive signs for Vietnam’s economic growth can be seen in industrial production and export growth.

Vietnam’s economy is expected to post 6 per cent growth in 2024, up from 5.1 per cent in 2023.

The European Chamber of Commerce in Vietnam’s (EuroCham) most recent Business Confidence Index, conducted by Decision Lab, has signaled optimism in the Vietnamese economy and increased confidence within the European business community.

The US website finance.yahoo.com placed Vietnam 6th among the fastest growing economies in Asia in 2024 in its article published on April 4.

Vietnam’s rosy economic prospects have helped consolidate the confidence of foreign firms in the country, as reflected through their investment of 6.17 billion USD in the first quarter of this year, up 13.4% year-on-year.

Professors from Harvard University have lauded Vietnam for its success in developing its economy over the past decades.

The edc.ca newswire of Export Development Canada (EDC) recently published an article of Vietnam, describing it as a new Asian hub boasting rapid macro-economic growth with plenty of opportunities.

Vietnam must pay more attention to R&D (research and development) capability to sustain economic growth, experts say.

Prime Minister Pham Minh Chinh on April 3 demanded ministries, sectors, and localities resolutely not surrender to difficulties but keep persistence in the set targets.

The Ministry of Planning and Investment has unveiled two new scenarios for the Vietnamese economy this year thanks to positive signs recorded in the first quarter.

Vietnam needs major reform in three pillars – finance, institution and talent -- to quickly build R&D capability and to become a prosperous country.

Economists believe that the most difficult period of Vietnam’s economy is over and now is the time to grasp opportunities to make a breakthrough.

The World Bank, in its East Asia and Pacific Economic Update released on April 1, 2024, forecast that the Vietnamese economy would grow by 5.5% this year, making it among top growth leaders in the world.

Vietnamese Prime Minister Pham Minh Chinh stressed that Vietnam considers green growth, together with digital transformation, the two core factors of growth, and will not accept the ‘growing first, tidying up later’ model.

A new scheme to support enterprises amid ongoing difficulties has been tabled, amid the government finding ways to reach desired economic growth.

Standard Chartered Bank forecasts Vietnam’s GDP growth in the first quarter of the year to moderate to a still-strong 6.1% year-on-year from 6.7% in the fourth quarter of last year, according to its recent global research report.

The changes in management thinking, from pre-checking to post-checking, more decentralization, and heightening of businesses’ responsibilities are management methods that help ease the burden on society and businesses.

Vietnam is now in the golden population period, but experts have warned about a workforce with ‘bad skills, bad jobs and bad pay’.

Vietnamese National Assembly Chair Vuong Dinh Hue on March 20 received a delegation of the US-ASEAN Business Council (USABC). This was the third working session between Hue and the USABC since the beginning of the 15th National Assembly.