Vietnam’s capital market develops strongly

Vietnam’s economy continued to receive positive assessments in August, including the World’s Bank upgraded growth forecast for 2024. 

The Vietnamese economy is forecast to grow 6.1% in 2024 and 6.5% in both 2025 and 2026, up from 5% from last year, according to the World Bank’s recent report.

Titled “Reaching new heights in capital markets,” the report highlights the resilience of Vietnam’s economy despite rising global challenges.

A special chapter of the report finds that development of capital markets would provide a vital source of long-term funding for Vietnam’s economy, and help the country achieve its goal of becoming a high-income nation by 2045.

The report highlights key challenges and recommends a stronger policy framework, in which the Vietnam Social Security Fund could be a force in driving capital market development./.