Vietnam's economy projected to grow 6.1% this year: WB
Vietnam's economy is expected to grow by 6.1 percent in 2024 and 6.5 percent in both 2025 and 2026, up from 5 percent last year, according to the latest Taking Stock report from the bank.
Vietnam’s economic growth is expected to pick up in 2024, driven by a rebound in manufactured exports and tourism, and recovering consumption and business investment, the World Bank (WB) said on August 26 in a new report.
Thailand's economic growth is projected to be 2.4% in 2024, down from the 2.8% forecast in April, mainly due to weaker-than-expected exports and contracted public investment earlier this year, the World Bank (WB) said on July 3.
Experts from the World Bank (WB) have recommended Vietnam continue support for aggregate demand through capital expenditures, given that the reduction of interest rates to aid investment could intensify pressures on the exchange rate amidst the strong USD.
The central city of Da Nang and the World Bank (WB) will be boosting cooperation in building digital database management as a crucial way towards full digitalisation and becoming a ‘smart’ city.