Earlier, the International Monetary Fund forecast that Vietnam’s GDP based on purchasing power parity will reach nearly 2,343 billion USD by 2029, surpassing Australia and Poland to secure the 20th position worldwide.
However, to maintain its attractiveness, it is necessary for the country to continue improving the domestic business environment, streamlining administrative procedures, developing infrastructure, especially green energy, and promoting innovation.
The latest World Bank Taking Stock bi-annual economic update predicted that Vietnam’s economy can grow by 5.5% in 2024, and increase to 6% in 2025. After experiencing a slowdown in 2023, the economy is showing signs of recovery in early 2024.
Meanwhile, the Asian Development Bank (ADB) is more optimistic, expecting Vietnam’s economy to expand by 6.0% in 2024 and 6.2% in 2025.
In its latest report, the Singapore-headquartered United Overseas Bank (UOB) maintained its growth forecast for Vietnam at 6% this year, noting that prospects for Vietnam this year remain positive despite downside risks.
Earlier, in the article entitled “Thriving spring for ASEAN’s digital economy”, HSBC bank experts stated that the ASEAN digital economy is entering a new bright phase, with Vietnam leading the way in the digital industry for both domestic and foreign businesses./.
