The consumer price index (CPI) increased 3.37% in the opening month of 2024, foreign direct investment 40.2%, international arrivals 73.6%, and the Index of Industrial Production (IIP) 18.3%.
Vietnam’s economy tended towards recovery in 2023, with macroeconomic stability maintained, inflation controlled, major balances ensured, and significant achievements made across various sectors, with set targets met. The country continues to be a bright spot in the regional and global economies.
The trend towards economic recovery continued in Vietnam, with each successive month revealing further improvements over the previous month and each subsequent quarter surpassing the prior quarter. The country essentially achieved its overall goals and posted significant results in various sectors. It remained a bright spot amid a rather challenging global economic landscape.
The National Assembly has passed a resolution on the socio-economic development plan for 2024, under which the focus is on continuing to prioritise growth, maintain macroeconomic stability, control inflation, and ensure major economic balances. Despite the opportunities, Vietnam is expected to face a host of obstacles.
Since Vietnam and the World Economic Forum (WEF) established relations in 1989, bilateral cooperation has been actively promoted and developed in a host of different fields.
