Illustrative image (Photo: VNA) Hanoi (VNA) – The US website finance.yahoo.com placed Vietnam 6th among the fastest growing economies in Asia in2024 in its article published on April 4.
The article cited projections for Vietnam's real GDP growthto reach 5.8% and per capita GDP growth at 7.41%.
Vietnam found itself positioned behind the Macao Special Administrative Region (China) which claimed the top spot,followed by India, Cambodia, Bangladesh, and the Philippines. Within SoutheastAsia, Indonesia followed Vietnam at 10th, Malaysia at 14th,Laos at 18th, and Thailand at 20th.
With a projected expansion of 4.5%, the Asian economies areexpected to collectively contribute over 60% of the global economic growththis year.
However, the article highlighted the importance of effectiverisk management for sustained economic recovery. Key challenges facing the Asianeconomies include the ongoing real estate crisis in China, potential financialinstability in debt-laden nations, inefficiencies within supply chains, and theescalating threat of rising transport costs./.
